Creditors have made claims worth up £67.7 million following the collapse of the failed Robin Hood Energy.
The firm, originally set up by Nottingham City Council, has moved from administration into creditors voluntary liquidation.
That means the directors of the company have agreed with shareholders to place the business into liquidation to pay off its debts.
In recently released documents on Companies House, Robin Hood Energy documents show the firm had 417 creditors when it collapsed.
An administrator's progress report had showed creditors were owned claims totalling £62 million.
But new details show that the firm has received claims from 72 creditors totalling £67.7 million, and says it is in the process of settling them.
Claimants are expected to receive 19p per £1.
The energy company, initially set up in 2015 to provide affordable utility bills, entered administration in January 2020 and losses are expected to cost the taxpayer a total of £38million.
It was sold to Centrica, which is owned by British Gas and is one of the ‘big six’, and administrators Deloitte were put in charge.
The local authority currently has debts of around £1billion, but now has until March to show how it intends to balance its books over the next four years.
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