Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off to repay bondholders and other persons and institutions it owes money.
Unresolved, too, is whether MML’s changing payment proposal to settle its debt will be accepted by the creditors. Likewise, the status of the trustee the company chose to oversee that process is still not settled.
Now, the parties are once again headed to court to seek to have the matters determined even as a new meeting of creditors is to the convened at a date yet to be made known, to attempt once more to bring closure …
Read the full article at: https://jamaica-gleaner.com/article/business/20210811/mystic-mountain-bankruptcy-heads-court
