The liquidation of the firms assets means the company will now be dissolved and the money will be used to pay back BHSs creditors.
As previously reported by Drapers, unsecured creditors to SHB Realisations, formerly BHS Limited, could receive between 2p and 8p in the pound.
Non-preferential creditors are owed £48.5m and BHS administrator Duff & Phelps has received claims of £661m to date, which includes the pension scheme at £571m.
In October, BHSs biggest creditor, the Pensions Protection Fund (PPF), called for the company to enter liquidation within the month in a bid to speed up investigations and reduce costs.
Today, Malcolm Weir, head of restructuring and insolvency at the PPF, said: We believe the liquidation is the right way t…
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