THIS WEEK IN THE BAHAMAS BY ELCOTT COLEBY 12-16 SEPTEMBER 2016

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colebyThe money reach: Claims a “straightforward process” says Smith

“It’s kind of like putting money in an account and freezing it and saying don’t release this until September 15. It is equivalent to buying property. You put the money in the bank in an escrow account.”

These were the words of the Chairman of the Claims Committee, viagra usa James Smith, advising that the funds to pay former Baha Mar workers and unsecured creditors had been deposited to a Bahamian bank by the China EXIM Bank.

The Process Committee released a notice in the local dailies dated the 14th September advising former Baha Mar employees of an email to be sent to them by 15th September indicating their last known address. The notice further advised that non-negotiable payments would be made to former employees on 27th Sept for surnames beginning with A – F; on 28th Sept for surnames beginning with G – O; and on 29th Sept for surnames beginning with P – Z. Hours of payment were between 7am and 7pm each day at the Crystal Palace Training Hotel Casino.

Prime Minister Christie announced the financial settlement for both former employees and unsecured creditors on 22nd August 2016 at the cabinet office. The government announced the appointment of the Claims Committee on Sunday, 28th August 2016. CLICK HERE TO READ MORE>>>