- Mar 23, 2017
- 139
- 55
- 63
- Twitter Username
- @claudiasmithcam
- MFC Username
- Claudia_smith
- Streamate Username
- Claudia_Smith
Their email says:
As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.
That section says:
116. (2) The following unsecured claims have priority
against the general assets of a licensee being compulsorily
wound-up under this Act, namely:-
(a) firstly, credits extended to the licensee by the
Central Bank until the appointment of the
liquidator;
(b) secondly, credits extended to the licensee prior to
the appointment of the liquidator and under
collateral whose object are the licensee’s assets
and to the extent of such collateral;
Priority of
claims.
196 Domestic Banks and Financial Institutions [No. 11
(c) thirdly, the necessary and reasonable expenses
incurred by the statutory administrator or
liquidator, including professional fees in carrying
out its functions under this Act;
(d) fourthly, the wages and salaries of the officers and
employees of the licensee (whether or not earned
wholly or in any part by way of commission)
including any amount payable by way of allowance
or reimbursement under any contract of
employment or award or agreement regulating
conditions of employment, that accrued during
the three months immediately preceding the
appointment of a statutory administrator or
liquidator under this Act, provided that such
amount does not exceed five thousand dollars;
(e) fifthly, all deposits in amounts not exceeding five
thousand dollars per depositor, respectively;
(f) sixthly, all taxes due and other imports owing to
the Government of Belize;
(g) seventhly, the fees, debts and assessments owing
to the Central Bank of Belize;
(h) eighthly, credits extended to the licensee after the
appointment of the liquidator;
(i) ninthly, all other deposits;
(j) tenthly, all other unsecured claims of creditors;
(k) eleventhly, subordinated debt.
So the first schedule saying that
As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.
That section says:
116. (2) The following unsecured claims have priority
against the general assets of a licensee being compulsorily
wound-up under this Act, namely:-
(a) firstly, credits extended to the licensee by the
Central Bank until the appointment of the
liquidator;
(b) secondly, credits extended to the licensee prior to
the appointment of the liquidator and under
collateral whose object are the licensee’s assets
and to the extent of such collateral;
Priority of
claims.
196 Domestic Banks and Financial Institutions [No. 11
(c) thirdly, the necessary and reasonable expenses
incurred by the statutory administrator or
liquidator, including professional fees in carrying
out its functions under this Act;
(d) fourthly, the wages and salaries of the officers and
employees of the licensee (whether or not earned
wholly or in any part by way of commission)
including any amount payable by way of allowance
or reimbursement under any contract of
employment or award or agreement regulating
conditions of employment, that accrued during
the three months immediately preceding the
appointment of a statutory administrator or
liquidator under this Act, provided that such
amount does not exceed five thousand dollars;
(e) fifthly, all deposits in amounts not exceeding five
thousand dollars per depositor, respectively;
(f) sixthly, all taxes due and other imports owing to
the Government of Belize;
(g) seventhly, the fees, debts and assessments owing
to the Central Bank of Belize;
(h) eighthly, credits extended to the licensee after the
appointment of the liquidator;
(i) ninthly, all other deposits;
(j) tenthly, all other unsecured claims of creditors;
(k) eleventhly, subordinated debt.
So the first schedule saying that
it seems only ones with 5k will be payed in full. Wha an irony! We are "given a priority" - by putting us on last place, and we practicly financed the whole bank with amount of our money and they awarding us with biggest loses. They plan as someone said was: they are sex workers with easy money accross the world...no one cares for them and they will be quiet, so they will finance us...
