Hi Lesley and Tim,
I have just come across your message and to answer your question regarding the AIFOS pay-out, our lawyer explained it as follows :-
FIRST...............There are NO GUARANTEES that AIFOS will fulfill their obligations
SECOND.........The agreement must be approved. (No one knows when this will be)
THIRD..............The clients may only receive 45% of their deposits.
FOURTH..........Once the agreement is approved we get NOTHING for TEN YEARS.
FIFTH...............On the TENTH YEAR we receive the first payment of 1/6th of the total.
SIXTH...............On the eleventh year, the twelfth year, the thirteenth year, the fourteenth year and the fifteenth year, we receive further 1/6th payments.
***** If this agreement is approved in say 2015, we will not receive anything until 2025, 2026,2027,2028,2029 and 2030 which in my case will mean they will have had my money for TWENTY SIX YEARS.
Sorry to bring you this bad news but our lawyer states that there is no alternative.