KWELM payouts increase again
Creditors of the insolvent London-based KWELM insurance companies will receive an average additional 11 per cent payout across the five companies, according to the eleventh annual report for 2004 issued today. The average payment will be 64 per cent.
The report also projects that the average distribution will rise further to between 68 per cent and 74 per cent in the next 12 months. This is higher than projected in the early closure scheme whichOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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