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KSFIOM Liquidators 18 Jan 2013: Re interest payments to creditors in the event payments exceed 100%

Our current expectation for the final outcome for creditors is that it will be in the range of 97.2% to 99%. However, as the potential exists for the outcome to exceed 100%, the Committee of Inspection asked us to outline how interest would be calculated and prioritised should 100% be exceeded.

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KSFIOM Liquidators 16 Oct 2012: Position at 30 Sept and CoI minutes

Now available on the KSFIOM website:

1) cash balances and loan book position at 30 September 2012;

2) minutes of the Committee of Inspection meeting held on 13 July 2012.

link here

 

KSFIOM Liquidators 17 Aug 2012: Progress Report to Creditors

The Joint Liquidators' Report to creditors for the period 10 January 2012 to 9 July 2012 is available here

Highlights at 9 July 2012

- 91.0p in the £ dividends paid to creditors
- £850.1m of assets recovered
- Loan repayments £56.7m ahead of schedule
- Estimated dividend outcome between 97.2p and 99.0p in the £

 
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