The receivers of collapsed finance house Banksia Securities expected to accelerate future payments to debenture holders after generating strong interest in the lender's $270 million lending book. Receiver McGrathNicol is also examining its legal options to determine whether further funds can be recovered for debenture holders from third parties. This includes questioning "a number of individuals" in the Victorian Supreme Court to gauge whether recovery action should be commenced. McGrathNicol did not name the people it planned to interview. Banksia, a rural lender which operated mostly in Victoria, collapsed in October taking with it hundreds of millions of dollars. McGrathNicol took charge of the group and froze the $660 million in debenture investments from around 3000 small investors. Final offers for the sale of Banksia's lending book are expected at the end of next month, with any transaction expected to move ahead in April. Banksia receiver Tony McGrath has stuck to the original forecast of overall return for Banksia debenture holders of between 50 and 65¢ in the dollar. He currently expects payments will come in above the lower end of that forecast. "Based on the rate of collections to date, we anticipate being able to make our next repayment to [Banksia] debenture holders by early May and that this will be in the order of at least 5¢ in the dollar," Mr McGrath said on Thursday. If the sale of the loan book moves ahead a further distribution, something in the order of 20 to 35¢ is expected to be made before the end of June, he added. Mr McGrath said while the receivers are unable to comment on a likely sale price for the performing loan portfolio he was confident of a "positive sale outcome" based on the strength of the interested parties. In addition the receivers "were reviewing a broad range of matters" to determine whether there were any legal claims against third parties that can increase returns to debenture holders, he said. McGrathNicol was also working closely with regulator the Australian Securities and Investments Commission to assist with an investigation into the failure of the company.