Tenon Group, a nationwide accountancy firm, is acting as liquidator for the Sutton-in-Ashfield company, which went into receivership in January this year.
Patrick Ellward of Tenon Corporate Recovery described the meeting, attended by ten creditors, as a "quiet affair".
He added: "We have about 900,000 so the creditors are looking at a dividend of around nine pence in the pound."
Accountancy firm KPMG was called in as receiver at the printer when paper supplier Antalis issued a winding-up petition against Howitt in January (PrintWeek, 30 January).
Ellward said that the initial debt had been 14 million - a figure excluding money owed to finance companies. KPMG had realised 4.9 million from selling off Howitt's assets.
3.5 million of that sum was paid out to unnamed secured creditors, leaving an outstanding debt to unsecured creditors of 10.5 million. The remainder of the realised assets went towards the expenses of the receiver and the debenture holder.
Story by Josh Brooks
