A federal bankruptcy judge has approved distribution of $2.8 million in recovered funds to fugitive Seattle real-estate magnate Michael R. Mastro's many creditors.

A federal bankruptcy judge has approved distribution of $2.8 million in recovered funds to fugitive Seattle real-estate magnate Michael R. Mastro’s many creditors.

Checks should be mailed later this month, trustee James Rigby said. Creditors will get just over 1 percent of what Mastro owes them — approved and pending unsecured claims total more than $270 million.

Judge Marc Barreca approved the payments Friday over the objection of former Mastro associate Hendrik Dorssers. He argued the money should be held in reserve while he appeals a ruling denying him any of the proceeds from the 2010 sale of Mastro’s Medina waterfront mansion.