What is going on with First Choice?

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Aug 18, 2018
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It takes them so long, it gives me a bad feeling. Feels like we are really f***ed and I think we shouldnt expect more than 50% of our money as the liquidation expenses are huge...
 
May 3, 2018
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. Within 90 days of the deadline for the filing a claim (by 29 January 2019) –

(a) determine claims;

(b) prepare a Schedule of proposed actions; and

(c) notify each person whose claim is allowed in full
Wondering whats gonna happen in the next 7 days. If i don't recieve any news in the next 7 days you can be sure that i'll be the first phone calling them on the 29th of January cause im sick... im literally sick of this bullshit.
 
May 21, 2018
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(c) notify each person whose claim is allowed in full

So I guess, they didn`t contacted us by now, because we won`t get paid in full...
 
May 24, 2018
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someone in another forum said that receive this kind of email from them:

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling $USDxxxxxx which you sought to prove in the liquidation of the bank.


The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an xxxxxxxxx, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
 
Jul 31, 2018
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Twitter Username
@Agnesss_777
Streamate Username
Agnesss
someone in another forum said that receive this kind of email from them:

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling $USDxxxxxx which you sought to prove in the liquidation of the bank.


The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an xxxxxxxxx, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited[/QUOT


I didn’t get anything yet
But I was wondering if this person that got the email is like us here, having same situation like us cammodels with a card from FirstChoicePay ?
 
May 24, 2018
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I just spoke with a representative from the liquidators office. The emails to the cardholders will be sent out this week and next week. So not everyone will receive an email by tomorrow.
 
Apr 18, 2018
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I thought they should by this date tell us how much we will get for real...this letter is nothing new, but the real sum that they will pay to us, only god knows...:/ and then there is our old problem as well..how and where will we get it...
 
Apr 23, 2018
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It-s 29 January!!!! Today it-s the deadline! They had a lot of time to do what they had to do. Everything else they’re saying, are bullshit. They need to act according to the laws, they can delay the process at their own pleasure. After this date, we should begin to sue them. FIRSTCHOISE PAY, GIVE US OUR MONEY!!!!!
 
Jun 27, 2018
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Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________
 
Jul 31, 2018
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Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________
I got the same email a few minutes ago. That my claim is valid. The important thing now. Is when they are going to release the partial first payment .
 
Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________
Did you send an email asking and they answered this, or just sent it?
 
Apr 12, 2018
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Twitter Username
@mandychen138
Chaturbate Username
mandy138
Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________
I received it as well. The question now is how much unsecured creditor can get the money back.
 
Apr 18, 2018
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What unsecured creditor means? And what does it mean a priority for them considering they are already saying they will probably only give us part of the money....?
 
Jul 31, 2018
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Twitter Username
@Agnesss_777
Streamate Username
Agnesss
I just got the same email like the one above ... but I still don’t know how much of it I am gonna get as it depends on many other factors :(
 
May 8, 2018
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Re
Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________
Recieved the same yesterday
 
May 29, 2018
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Here's what I received today:

___________

Date: January 29, 2019



To: xxxxxxx

Dear Sir/ Madam


Notice by Liquidator of Allowance of Claim as Valid


We have evaluated your claim against Choice Bank in respect of sums totaling US$XXXXXXX, which you sought to prove in the liquidation of the bank.

The Liquidator has allowed your claim in full.



Please appreciate that the amount of your claim allowed is not necessarily the amount that will be paid to you. The amount to be paid will depend on several factors including, but not limited to, total number of claims determined as valid, amounts realized from assets, sum collected or paid as resolution of existing lawsuits.


As you are an unsecured creditor, your claim will be given the priority stipulated by law (Section 116(2) of the Domestic Banks and Financial Institutions Act, a copy of which appears on our website, www.choicebanklimitedinliquidation.com), and you will be paid accordingly.


We will be advising you by email, as well as by our website, on information about payment.


Yours faithfully,



Cedric Flowers

Liquidator, for and on behalf of Choice Bank Limited
_____________________

Recieved the same mail today.
 
May 30, 2018
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Do we need to reply that email or wait again? wait till when?
Depositors, Creditors and Lessees of

CHOICE BANK LIMITED

TAKE NOTICE that the Liquidator of Choice Bank Limited has prepared for filing with the Central Bank of Belize a schedule of the actions proposed to be taken for the purpose of the compulsory winding-up of Choice Bank Limited and the schedule can be inspected on the 1st day of March, 2019 at Choice Bank’s office, Corner Hudson Street/Marine Parade, Belize City, Belize.

AND FURTHER TAKE NOTICE that the schedule will be filed with the Central Bank on the 28th day of February, 2019.

Please note that a depositor or other creditor or shareholder or other interested person of Choice Bank Limited has twenty (20) days from the filing of this schedule of proposed action with the Central Bank to file objections with the Central Bank to any action proposed in such schedule. so 20 days we need waiting
 

LucyRider

Cam Model
Mar 4, 2017
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Just reading through this as a cam model coming back after a year and a bit. Wow what a storm! I'm so sorry for everyone affected. FirstchoicePay was my absolute best option in Australia. What are people using now? is there an alternative yet? I read through a lot of the thread but seems to be stuck for solutions! Yikes.