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Choice Bank of Belize faces liquidity problems
- Thread starter Caporaso and Partners
- Start date
Personally, I received about 53% of the claimed amount in August 2019.
My personal opinion: all is not lost. Let's wait for those "two to three weeks" after which we are supposed to be contacted again by the liquidation team, to see what's in store for us. Am I too optimistic?
Why it been a hell on earth with payoneer > then choice bank and now with epayments? Are all those issues related about holding funds and not issuing cards, blocking cards???
I may say that I sense PAXUM soon gonna play the same s**t.
Holding funds and exploring working people already vulnerable.
Its been a year that I received a email saying my claim was taken fully and no email reply since.
I may say that I sense PAXUM soon gonna play the same s**t.
Holding funds and exploring working people already vulnerable.
Its been a year that I received a email saying my claim was taken fully and no email reply since.
Please open a new thread for the other mentioned companies to avoid mixing the topic. People get confused!
Hello! You are lucky because you receive that 53%, others don't receive any amount.
They sent me the same msg, to wait this 3 weeks
Not received anything yet.....
Sorry, an error has occurred Patrick Haarlem! Your post is too short. It must contain a minimum of 10 word and above. your curent word is 4
==> Not received anything yet..... Not received anything yet..... Not received...
Sorry, an error has occurred Patrick Haarlem! Your post is too short. It must contain a minimum of 10 word and above. your curent word is 4
==> Not received anything yet..... Not received anything yet..... Not received...
No email and no Money and is increadibly unprofessional to not answer emails or telephone. This liquidator Julian Murillo is doing a really bad job for Belize. Serious damage to Belize reputation.
That banana republic never had reputation to begin with.
Still popcorn time? Seems like the bank's turned into a milking cow for the liquidator. Can't blame a peasant/unemployed lawyer with an opportunity of a lifetime.
There's no formal announcement that they are waiting for bonds to mature, or smth. similar. And even then, a small bank like this could sell all of its illiquid financial assets within a week without collapsing the price. What else do they have on the balance sheet to justify years of milking? An office building, 4 paper clips, and 12 armchairs?
There's no formal announcement that they are waiting for bonds to mature, or smth. similar. And even then, a small bank like this could sell all of its illiquid financial assets within a week without collapsing the price. What else do they have on the balance sheet to justify years of milking? An office building, 4 paper clips, and 12 armchairs?
Btw you can write the central bank here:
Prime Minister email:
[email protected]
[email protected]
[email protected]
Prime Minister email:
[email protected]
[email protected]
[email protected]
Some the entire mess can't come to anyone surprise. It is the risk that everyone enters when doing business in such jurisdictions.
It is actually the perfect proof that even though the official rules say one thing, what is actually happening is a whole other thing. My point goes to all the users on this forum who are only concerned with the official rules and draw their conclusions from them when responding to threads in here.
So in cases when claims was approved,ppl dont need to do something else? Just wait?
Honestly, I haven't yet thought about what our best next move should be.
Let's wait until we receive further communications from the Liquidator, unless someone would have a better idea?
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