Tenet's administration journey continues as creditors approve proposals

Updated on 29 August, the notice of creditor's decision confirmed that Interpath's proposals have been approved. This follows the statement of administrator's proposal released on 22 August, stating that Tenet Group's ordinary preferential creditors and secondary preferential creditors are likely to see the 100p in the pound dividends paid in full. Meanwhile, unsecured creditors "should" receive a dividend though the amount is yet to be determined, it was stated in the document. Around £5.5m could be realised from the wind down of the group's captive insurer Paragon, which wrote bu...