The resolution committee of Glitnir Bank in Iceland has stated that it hopes to start paying money out to claimants on the bankrupt bank’s estate as early as this December.
The committee hopes to pay out a total of ISK 3,600 billion (EUR 22.2 billion), according to RUV.
Over 4,000 disputes have been received by the resolution committee over stated claims and 183 cases went to court in Iceland. Now with the cases settled, committee chairman Steinunn Gudbjartsdottir says that the issue of who is and who is not classified as a priority claimant has been cleared, which means money can start being paid out.
She told RUV that the expected court ruling next week over so-called wholesale loans will impact the bankruptcy proceedings at Glitnir, and also at Landsbanki.
That is a start to normality.
When are Landsbanki and Kaupthing doing the same?
Oh and please do not forget the Bond Holders!!!