Quote:
Originally Posted by MLSchaff
Definitely looks like MGS is taking no responsibility here and is leaving the players completely out in the cold.
There aren't any private documents anyway, so it probably doesn't matter but I sent a request for access to them if and when there are any, in addition to sending a message through the inquiry link. I just gave my account #, alias, balance and attached a pdf file including my screen shot that shows balance, alias and the message pop-up which shows that the screen shot was taken after the balance was frozen.
Elsewhere on the Sims site, there is a pdf of a form for submitting proof of debts - not sure if we are supposed to fill this out and send it in hard copy.
From a quick perusal of some of the other liquidations in process on the Sims site, I'm not expecting anything to resolved quickly. I won't be surprised if it is months or years before we hear anything concrete.
Yes based on the guide I provided it really doesn;t look that good
They mention YEARLY liquidation meetings....
also this passage pretty much confirms what we were worried about before...
All information suggests we are unsecured creditors.
If there are funds left over after payment of
the costs of the liquidation, and payments
to other priority creditors, including
employees, the liquidator will pay these to
unsecured creditors as a dividend.
Generally, the order in which funds are
distributed is:
• costs and expenses of the liquidation,
including liquidators’ fees
• outstanding employee wages and
superannuation
• outstanding employee leave of absence
(including annual leave, sick leave—
where applicable—and long service
leave)
• employee retrenchment pay, and
• unsecured creditors.
Each category is paid in full before the
next category is paid. If there are
insufficient funds to pay a category in full,
the available funds are paid on a pro rata
basis.
Proving