Help with Proof of Debt Form Please

  • IoM-neveragain
  • 12/10/08 30/03/10
  • a depositor
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Posted: Tue, 23/06/2009 - 18:02

Can anyone advise me what should be put in parts of the "Proof of Debt Form"?
I have called one of the DAG help telephone numbers , left a message but no response.

Q3 of the form includes "Total amount of claim including... outstanding uncapitalised interest as at the date the company went into liquidation"
and
Q5 is "If amount in 3 above includes outstanding uncapitalised interest please state amount"

I only have a statement of my amount dated Oct 2008; I believe that KSF went into liquidation in the last few weeks- i.e not in Oct last year, so what do I add to the amount from Oct until the L date?

The DAG sample form for Q5 is "The latest addition of interest on the Oct 9th statement". But surely this is not the interest upto liquidation date??

Any advice much appreciated.
Only this holding up submission of special proxy form.
DCS form to be sent AFTER the Committe established.

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Fax number for Proxies to DAG?

  • sabi Star
  • 10/10/08 n/a (free)
  • unspecified
  • Offline
  • Thu, 25/06/2009 - 14:09

I have an idea the DAG said somewhere they wanted copies of our Proxies sent to them ( as well as to Liquidator of course).
I was going to fax mine - but now I cannot find their fax number.
Does anyone have it?


DAG Help

  • Mugged by HMG
  • 08/11/08 31/05/09
  • a depositor
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  • Tue, 23/06/2009 - 19:42

Never again

  • IanAbroad
  • 11/10/08 13/08/09
  • a depositor
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  • Tue, 23/06/2009 - 18:07

The answer to Q3 is the balance as of October 9th, as on your statement that was sent out.
The answer to Q5 is any interest shown on your statement between Oct 1st and Oct 9th.

Those are the rules.


NEVER AGAIN

  • Julie
  • 03/12/08 14/07/09
  • a depositor
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  • Tue, 23/06/2009 - 19:36

I spoke to James today at KSFIOM he states enter Q5 same as Q3 they will work intrest out


Interest

  • IoM-neveragain
  • 12/10/08 30/03/10
  • a depositor
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  • Tue, 23/06/2009 - 20:38

Thanks to Julie, Ian and Mugged but...
the sample proof of debt form does not help clarify this in my mind
Q3 very clearly calls for interest upto the date the company went into liquidation and not the date it was put into administration or whatever did happen in October.

So say the amount on deposit was £49.5k with iterest by October then by May 2009 it could well have been £50k, so what figure will be used for the DCS as and when that is claimed
It's all very well to say that KSFIOM will work out the interest but if all that you have claimed in Q3 upto the date of liquidation, then surely that is all you can expect??


KSFIOM 18 June update from MS

  • Anonymous
  • Offline
  • Tue, 23/06/2009 - 22:22

"...Update on completing the Proof of Debt Form
With reference to the Proof of Debt Form, attached to the letter to creditors dated 10 June 2009, we have been asked to clarify Point 3 of the form, which asks creditors to state the:

“Total amount of claim, including any Value Added Tax and outstanding uncapitalised
interest as at the date the company went into liquidation”.

Please note that this is a statutory form and, for the purposes of completing Point 3 of this form, the total amount of claim is as at the date of the commencement of the winding-up of the Company, being 9 October 2008."


proof of debt form

  • IoM-neveragain
  • 12/10/08 30/03/10
  • a depositor
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  • Wed, 24/06/2009 - 07:41

Thanks lancara
Now that you have pointed out that the form is a statutory one, I can see the point.
Seems like again the IoM in producing the form have not taken into account their own procrastination of makking provision for such a long time elapsing between administration and liquidation
Thanks