Maxwell brothers in court case over loan debt

Sons settle before bankruptcy hearing

Two of Robert Maxwell’s sons featured in bankruptcy proceedings yesterday, more than 20 years after the media tycoon died.

Neither Kevin nor Ian Maxwell appeared at a bankruptcy court hearing in London and a lawyer told the judge that a claim against the brothers over a joint loan debt had been settled.

Wendy Parker, who appeared for a companymaking the claim, told Deputy Registrar Danny Schaffer that parties had agreed settlement terms.

She gave no detail of the claim or the amount of money involved. Outside court Miss Parker said she had been representing a firm called DCF (UK) Ltd.

DCF (UK) Ltd is based in Bexhill on Sea, East Sussex, and offers “financial intermediation”, according to the CompaniesHousewebsite. The brothers were named as Maxwell KFH and Maxwell IRC on listings. Miss Parker said they were Kevin and Ian Maxwell.

Czechoslovakian-born British media proprietor RobertMaxwell was found drowned after apparently falling from his yacht off the Tenerife coast aged 68 in 1991.

The two brothers, who had both sat on the board of Maxwell Communications Corporation, were investigated after their father’s death over an alleged conspiracy to defraud the company’s pension fund. They subsequently tried but failed to save the business empire from collapse.

Both men, who are in their 50s, were cleared of fraud in 1996. Kevin Maxwellhadbeenmadeinsolvent in 1992 after declaring debts of £400million.