DCS Update 10 Dec 10: Fourth distribution from the liquidator

Category: Newsflash

The liquidator has announced that he will make a fourth distribution of 10p on 15 December 2010.

As described below, the Scheme Manager must allocate the funds to the appropriate claimants. Having allocated the distribution the claim accounts will be processed to establish if there are any recoveries in excess of the compensation already paid.

 

When excess payments are due they will be paid to claimants in accordance with the payment details on the claim record. The Scheme Manager will seek to process surplus payments as quickly as possible, however, due care is essential. In accordance with his previously stated policy, it will be his aim to despatch payments no later than 25 December 2010. As this is a public holiday and the postal services will not be functioning as normal, the Scheme Manager will do everything possible to release the payments more quickly but is not able to guarantee that he will be able to do so. If the Scheme Manager is able to advance the timetable a notice will be posted on this site.

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