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Horizont finally in bankruptcy

A court has finally declared bankruptcy on crashed financial firm Horizont, with 47 creditors given up to two months to register their claims in bankruptcy court. The collapse in February of Horizont and other unlicensed deposit funds which offered over 30 per cent interest caused billions of crowns in losses to untold thousands of Slovaks.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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