3 ms·
Of course the claims won't be denied. The acceptance of the claims means that they will share the proceeds from the liquidation of the assets of the non-acquir
by kgwgk 4y ago
Of course the claims won't be denied.
The acceptance of the claims means that they will share the proceeds from the liquidation of the assets of the non-acquired remains of the bank with the other general unsecured creditors.
As far as I can see, those Cayman Islands "not-deposits" will be paid just like the outstanding invoices owed to furniture distributors, etc. They'll get at least part of it but there is no guarantee about how much - and it will take time. [Of course they could (?) still decide to treat them differently. But the current outlook is not bright.]