Search results

Well, i understand there is a geneal skepticism with lawyers and rule of law in PR but a lawyer has also to report his clients what he is doing and explain the legal rationals for the actions he is taking on behalf of the client no?

So, would not be a good thing if we join the lawyer action and ask him to legally beware the commissioner?

I think we should try to act independently, knowing what Peter Schiff can do, wants to do or intends to do is valuable and extremely helpful but we should not rely exclusively on his actions

I dont think anything would work but legal ground. The bank is in liquidation and there is an obligation to refund the depositors. The funds are to be preserved and there is a due diligence on this. The only way to check if due diligence is compliant is by accessing the balances/expenses...

I totally understand you being skeptical but what alternative do we have? How do you know this? Are you aware of what is going on and of their perspectives?

We all know it is a muddy legal ground but if we take it like this one way is just like being at their will. I dont think there is no rule of law in Puerto Rico and i dont think a lawyer is necessarily so indignus in his profession. A lawyer can have a social circle in common with people...

I dont know, this should be discussed with them first, i did not join because i had the same concerns expressed here and because the number of participant too low was keeping a head price too high for me. But if we join in mass or in a substantial number i think it could be sustainable for...

Looks like, how many of you would join a collective action? Would you please state each of you?

Sure enough, thank you, what do you think we could do to put pressure on the receiver or to the commissioner? Any idea?

Hi Peter, thank you for your insights, do you think that a sort of "class action" moved by us hiring a lawyer in puerto Rico could help to unblock the situation or better to wait since it looks like there are "political" reasons behind that may keep the legal ground muddy even for an independent...

For the receiver this is true but considering they are appointed by an institution, there should not be some legal ground to put some pressure on them? Could be useful i think, to let them know that depositors are ready to hit that ground in case there should be no solution.

Thats true, i think the only way to put them pressure and stay informed is a kind of collective "class action" and agree with @Martin Everson on fact that the choice of a law firm in Puerto Rico is not an easy one, neither advisable. Maybe a US firm would be a safer option? I think on this...

Ok .. see everybody is skeptical about a lawyer, i am as well but after all this time i think we should do something, it is just awkward to standby and wait. What if at some point they will come up with a huge expense bill and credit crumbles to us? We dont know what is the deal with Qenta...

This is true and one of the reasons i didnt join the hire first hand (besides costs effectiveness in my personal situation) but what is the alternative? After 2 1/2 years i am starting to think this will never end and our deposits will be gone for good into the expenses they will claim at the...

True, this is relevant: Inclusion of new financial products Depository Accounts, as a category of financial accounts, are no longer restricted to the ”˜traditional' definition linked to banking or to interest-bearing accounts held with insurance companies. Added to this list is any account...

So .. may be some of the people following this forum would join the group that hired the lawyer? lets have a count, if we reach a decent number it will be sustainable for anybody i think, right now there are about 11 people sharing a 10k bill, if we add up at least another 10 people it would...

in Doesn't it sound absurd that customers have to pay an independent lawyer to extract some information from the same Receiver that is charging $10K-$20K every month? It is but what is the alternative? Exactly and it sounds pretty illegal, fact is the only way to oppose is give it to a...

I can ask the fellows that started hiring the lawier if they are willing to accept further people to share the expenses .. I think there were 11 participants sharing a 10k bill from lawyer, so if they are willing to let other people in maybe expenses can be lowered .. Who would be interested...

That is the point, at least they have to make it clear to a lawyer representing depositors

Agree , same for me but if we are many it would cost much less .. it was at 1000 each for 10 actors Nothing is moving, no information whatsoever, if there is no push there is no rush for them