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Bankrupt FlowBank to Return 70–80% of CHF 384 Million in Creditor Claims

Summary by Finance Magnates | Financial and Business News
The liquidator of the now-bankrupt FlowBank has revealed that it will fully pay first- and second-class claims to creditors, while the liquidation dividend for third-class claims will be between 70% and 80%. First- and second-class creditors have claims up to a maximum of CHF 100,000 per creditor.Walder Wyss Ltd, appointed as FlowBank’s liquidator, accepted claims from the bankrupt firm's creditors in several categories: claims secured by pledge…
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FinanceFeedsFinanceFeeds

FlowBank Liquidators Target March Deadline With CHF 16.6M Spent On Process - FinanceFeeds

Liquidators handling the Flow Bank Ltd. collapse today released an update on the ongoing liquidation process, detailing securities transfers, asset inventory, creditor claims, and expected payouts. As of Feb. 7, 2025, 92.46% of deposit positions were transferred or sold, allowing 5,339 clients to recover their holdings or proceeds. The recent update shows that 682 clients are still waiting for their securities, while 260 customers have not provi…

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Finance Magnates | Financial and business newsFinance Magnates | Financial and business news

Bankrupt FlowBank to Return 70–80% of CHF 384 Million in Creditor Claims

The liquidator of the now-bankrupt FlowBank has revealed that it will fully pay first- and second-class claims to creditors, while the liquidation dividend for third-class claims will be between 70% and 80%. First- and second-class creditors have claims up to a maximum of CHF 100,000 per creditor.Walder Wyss Ltd, appointed as FlowBank’s liquidator, accepted claims from the bankrupt firm's creditors in several categories: claims secured by pledge…

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FX News GroupFX News Group

Exclusive: Flowbank bankruptcy will see just 70%-80% refund to third class claims

Flowbank liquidator Walder Wyss is still seeking a potential buyer for London Capital Group (LCG). The post Exclusive: Flowbank bankruptcy will see just 70%-80% refund to third class claims appeared first on FX News Group.

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FX News Group broke the news in on Thursday, February 20, 2025.
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