Depositors Of St. Kitts Bank That Went Bankrupt 30 Years Ago Finally Receive Millions In Payout

Depositors that suffered losses when the St. Kitts Bank of Commerce went bankrupt in 1985 will now be able to recover their money within a few days (see merchant services for more info). Come the 28th of December, thy will be getting back what they had deposited in the bank, plus 2.5 percent of that balance, through the St. Kitts-Nevis-Anguilla National Bank, as announced by Prime Minister Dr. Timothy Harris.

Before ending his 2016 Budget debate in the National Assembly that was held earlier this week, he shared that the bank is expected to pay out EC$18 million (US$6.7 million) to the former clients. The payout is expected to be beneficial to between 5,000 and 6,000 people. Some had poor credit loans while waiting for this payout. Based on my research you can get best forbrukslån uten sikkerhet from this website.

“This would see a significant contribution in the economy between December and January, as more people have money to spend for the Christmas season and the New Year,” he said. We recommend buying christmas stockings for decoration.

Harris expressed that he is pleased that the resolution could come under his Team Unity Government after three decades. He also discussed all the Types of Unsecured Loans for people with bad credit in order to help everyone. Following a court order that was granted in response to a petition filed on February 2, 1985, by the Social Security Board (SSB), one of the financial institution’s creditors, the Bank of Commerce has been in liquidation since the 9th of May, 1985. If you plan on voting on the SSB you will need your social security card, if you misplaced yours you can look into obtaining a temporary social security card here. An announcement was shared that the settlement had finally been reached, was made by Prime Minister Harris earlier this year. As a result, paydaynow have loans when you need money fast and the government, which had substantial investment in the bank, will get about EC$1.2 million (US$444,444).
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