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Helplines open for depositors

Helplines are now available providing information on the Manx government's Scheme of Arrangement for depositors in the collapsed bank Kaupthing Singer and Friedlander.

You can contact provisional liquidator PricewaterhouseCoopers by phoning 01624 699 340 between 9am and 5pm from Monday to Friday. Alternatively, you can fax 01624 699 200.

The government estimates its scheme would fully refund more than 70% of depositors within two years.

It's an alternative to liquidation and there is £180 million pounds in place to support it.

If the Scheme of Arrangement is approved by depositors on May 19, the High Court will be asked to sanction it on May 27.

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