Receiver estimates CLiF zl.60 million short of meeting creditors' demands

The receiver for bankrupt leasing firm CLiF estimates the company's remaining assets and planned revenues will fall zl.60 million short of what is being claimed by the company's creditors. The receiver estimates the assets of CLiF at zl.30 million and the planned revenues from future leasing activities at zl.140 million. The company's total liabilities are estimated at zl.230 million. On March 25 the court will consider an appeal from CLiF against the bankruptcy. A decision to suspend proceedings would allow CLiF to conduct talks with its creditors on out-of-court settlements. However, the company's major creditors are opposed to the plan, and are confident the appeal will be thrown out. (Puls Biznesu, p. 5) M.T.