KSFIOM Liquidator 23 Jan 2020: Cash position & final distribution:

Category: Newsflash
Cash balances decreased by approximately £16,000 during the quarter. Income totalled approximately £7,000 and lquidation expenses totalled approximately £23,000, including legal fees of £11,730.


Isle of Man Freezing Orders and Final Distribution

The freezing orders related to a confiscation order issued by the Sheriffs’ Court in Glasgow, which was registered in the Isle of Man in 2018 in the sum of £1.3 million, under the Island’s proceeds of crime legislation. The registration was challenged by the Liquidator, and after proceedings and negotiations in the Isle of Man the Scottish Authorities have agreed to accept £345,404 from KSFIOM.

I will be writing to the creditors who will be paid directly by the liquidator in the next two weeks in relation to the final dividend See here. If you have claimed under either the Early Payment Schemes and/or The Isle of Man Depositors’ Compensation Scheme, then please contact the DCS Administrator using the below contact details ....  https://www.dcs.im/

Hits: 1322