We are excited to introduce our new guide to assist creditors in submitting proof of debt claims in Cyprus, with specific updates for FBME Bank Ltd depositors and creditors.

Verification of debt is a critical component of insolvency proceedings. It ensures that all claims against a company's assets are legitimate, properly documented, and fairly assessed. This process prevents fraudulent claims, ensures the equitable distribution of the company's assets, and maintains transparency and trust throughout the insolvency process.

Our new guide provides detailed instructions on understanding the legal framework under Companies Law, Cap. 113, and outlines the necessary steps for completing and submitting the verification form. This includes the required documentation and proper signing procedures. Additionally, it offers insights into the review process conducted by the liquidator or official receiver, the decision-making criteria, and the steps to appeal rejected claims.

Included in the guide is a crucial update on the extended deadline for submitting proof of debt claims for FBME Bank Ltd, now set for 30th September 2024.

We strongly urge all creditors and interested parties to read this guide to ensure their claims are submitted correctly and on time. Access the full guide here.