Lifemark investors low down in pecking order for payouts

bankruptcy — Lifemark draws up repayment list

Laura Miller
12 Nov 2010

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Investors in troubled Keydata-backer Lifemark have been relegated to seventh place in the company's creditors ranking by Norwich & Peterborough (N&P) and CarVal's loan provision.

The list puts in order of importance the rights of those companies or people who are owed money by Lifemark to be paid in the event of its insolvency or successful financial restructuring.

Only Lifemark, the issuer of the bonds, ranks lower than bondholders for the return of money owed.

N&P and CarVal are third in line

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