Choice Bank of Belize faces liquidity problems
- Thread starter Caporaso and Partners
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From what I read in the Liquidator's document/schedule of actions, either objections are filed before July 1st and therefore how long we might all have to continue waiting is anyone's guess...
...or there are no acceptable objections and there MIGHT be a REMOTE possibility to know the details of the upcoming distribution (should anyone be brave enough to travel to Belize (!!!) to have a look at the detailed distribution plan, the so called "Appendix I to the Schedule of Actions").
We can also each wait until we receive the "Distribution Notice" that is supposed to be prepared and issued by the Liquidator after July 1st.
In any case, we still have to be patient and wait, at least for a few weeks! The only "positive" point is that it seems that the Liquidators have received enough cash to settle 90% of the claims total, and now have enough cash in hands to settle about 88% of the amount of all remaining claims.
It's frustrating to see that a bank can't be trusted to be solvent (contrary to what Choice Bank was claiming just before being put in liquidation), but... 88% is not so bad, in my opinion.
Hello everyone - I made an e-mail inquiry to the liquidator, do I need to send any documents to the central bank? and they answered me like that ...
Thank you for your email.
Your claim, accepted in its entirety, does not need to be objected to by the Central Bank of Belize. We will contact you regarding your cabling details in a short course.
Regards,
The liquidation team
I wish success to all and I hope to receive our money soon !!!
there is hope - be healthy!
Thank you for your email.
Your claim, accepted in its entirety, does not need to be objected to by the Central Bank of Belize. We will contact you regarding your cabling details in a short course.
Regards,
The liquidation team
I wish success to all and I hope to receive our money soon !!!
there is hope - be healthy!
Guys,
I recently spoke with someone at the bank, my relationship is very decent with this individual and he stated to me that the liquidator is again trying to delay pay out and stretch this whole thing out as far as it gets so he can keep collecting a fat paycheck.
He advised me to have everyone email the central bank and ramp up as much pressure as possible. Lets write them see emails below:
Prime Minister email:
[email protected]
[email protected]
[email protected]
I really hope everyone can get most of their funds back.
I recently spoke with someone at the bank, my relationship is very decent with this individual and he stated to me that the liquidator is again trying to delay pay out and stretch this whole thing out as far as it gets so he can keep collecting a fat paycheck.
He advised me to have everyone email the central bank and ramp up as much pressure as possible. Lets write them see emails below:
Prime Minister email:
[email protected]
[email protected]
[email protected]
I really hope everyone can get most of their funds back.
Well thats just one of the issues, but the main issue there having is delaying payments. We are going on 2 yrs
L
Literally Belize is one Banana Republic. Sad because they could have really built their offshore banking industry. Now they don't even have correspondent banks. No one will ever trust that country again.
It s been so long that you imagine your money are safe somewhere and you just have to wait. BUT that s wrong! Who s got an active whatsapp group on this topic?
I get the same answer and no solution for months. Different answer but same information written in another way. We are working, as soon as...each time another event...we will start to take measures in giving you your money back.
Despite the challenges we are facing please know that we are working diligently to fulfill payments to claimants. As soon as we are settled, we will contact you to confirm your wiring details.
Regards
The Liquidation Team
I get the same answer and no solution for months. Different answer but same information written in another way. We are working, as soon as...each time another event...we will start to take measures in giving you your money back.
Despite the challenges we are facing please know that we are working diligently to fulfill payments to claimants. As soon as we are settled, we will contact you to confirm your wiring details.
Regards
The Liquidation Team
I dont even have a bank acount where to receive them. Do you get them in your home country? U make an invoice for them, sure if they come.
Where do you get your money sent? In a personal acount in your country? or is there an alternative ? Dont know what bank details to submit.
Hello again, Patrick!
Yes,saw the email couple days ago,I've sent back the form with my bank information .I think ppl start to lose the hope anyway...
hi. tell me pls what do u write in the Account Name line? yr name? We do not write FCP acct number anywhere?
I dont know for sure,I wrote my full name.
I got an email back from them: "received with thanks ", but I think is something automatically, so i dont think someone saw them yet.
Good luck!🙂
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