A St Andrews auction house which closed suddenly has left a trail of debts totalling more than £122,000 to almost 500 people and organisations.
There was shock when Macgregor Auctions closed its St Andrews saleroom, leaving a long list of people anxious to have items including family heirlooms returned or earnings paid.
Papers passed to The Courier show business owners Ian and Sandra Urie, declared bankrupt, owe £122,552.
Five and a half pages of creditors show debts ranging from just a few pence to hundreds of pounds.
They also reveal the couple, from Dairsie, owed more than £28,000 to the Bank of Scotland and £9,700 to HM Revenue and Customs.
There is also a debt of almost £12,000 to Police Scotland.
The auction firm closed in October after around 150 years in business.
People turned up at the Largo Road saleroom for one of its regular sales to find a closed sign on the door.
Henderson Loggie insolvency partner Graeme Smith, who has been appointed to manage Mr and Mrs Urie’s affairs, said it was likely anyone owed money would have a good proportion repaid.
He said: “We have written to everyone we are aware of who is due money telling them that if there is a balance or they have some form of claim to be made, that claims should be submitted to me as a trustee.
“I do not expect them to be paid in full but based on the information we have at the moment, it looks like they will get a substantial dividend.”
Mr Urie previously told The Courier the auction house had suffered from the economic downturn and people were turning to internet firms like Ebay to buy and sell items.