Got the email last night. Attaching a part of the act. Maybe some didn t read it by now.
(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;
(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.