I wish there was some way the Bahamian people could get out of Christie's own personal hide the $19.5 million owing by the bankrupted Bah Mar to BEC ( i.e. owing to the honest hardworking Bahamian taxpayers! ) Why did the pudgy fella with the short stubby grubby dirty sticky fingers and the Lady Smacker (Leslie Miller) needlessly allow BEC to extend so much credit to such a high risk real estate development project, while at the same time disconnecting thousands of poor Bahamians for the late payment of their BEC bills! Christie, Davis and Miller should be shackled, whipped with a thick Casuarina switch and then taken out back to the wood chop shop for finishing work!!!

Chapter 11 Bankruptcy is for restructuring and gives the company some relief from debt obligations during that period. It does not mean that all of it's debts will be unpaid, infact most companies leave chapter 11 with the same principles involves and the debts on the books are paid. This is essentially a pause while they figure out how to move forward.

Many people seem to be thinking this is Chapter 7 bankruptcy, which is a liquidation event and the assets are split up to satisfy the debts. Atlantis went through Chapter 11 only a few years ago and exited just fine.

Just name one Chapter 11 Bankruptcy involving Chinese government owned and controlled enterprises as the major creditors that ever survived such proceedings! The Chinese have left mammoth size buildings standing empty in several African countries and have left whole cities standing empty in their own country! They have a very very large wallet, are ruthless in their business dealings, and have a well established policy of just walking away from it all once offended or publicly embarrassed. Chapter 11 proceedings exist and work well for western style capitalists; not so in the case of China's entirely new breed of state (as opposed to individual) sponsored capitalism born out of thousands of years of most unusual cultural nuances.

Actually, if I remember correctly, the Bahamas government **owes** Baha Mar approx. $21 million so that amount is misleading. Don't believe the government has paid that back yet so I guess everybody has adopted the attitude of "we owe you $21 million and you owe us $19 million.....call it even!!"

But the Bahamas government was legitimately disputing the owing of the $21 million because the value of the road works seemed to have been grossly overstated by the Chinese contractors involved. This is exactly the same over-pricing problem Baha Mar (Izmirlian) has with its Chinese general contractor (CCA).

The road works were not completed by CCA, they were done by Bahamar who contracted the majority of the work to ISD and Bahamas Hot Mix

Read again carefully..."mudda" didn't say the roads were completed by CCA

EMPHASIS TO KEY POINT MADE BY "BANKER" IN COMMENT TO ANOTHER ARTICLE: Sarkis Izmirlian and his legal representatives outside of the Bahamas must always be mindful of the fact that Perry Christie and his Cabinet are as firmly in bed with the Chinese as they are with the racketeering mobsters behind the 'illegal' gambling houses now operating with impunity on just about every street corner in our country today. Christie, Davis, Wilchcombe and Maynard-Gibson in particular should be seen as being, for all intents and purposes, agents of the Chinese when it comes to that ruthless foreign government's business and other interests in the Bahamas. It is therefore almost impossible for Sarkis/Baha Mar to get an unbiased fair hearing before any court (judge) in the Bahamas on any matter pertaining to the legal actions they have initiated outside of the Bahamas. Sarkis/Baha Mar and their legal representatives must remain very wary of this fact. Being as dependent as the financially weak Bahamas now is on foreign direct investment from China, the lead legal representatives of Sarkis/Baha Mar in the U.S. and U.K. can expect for the Christie-led PLP government and the Attorney-General of The Bahamas (Allyson Maynard-Gibson) to push very hard for the Bahamian courts to have jurisdiction over the matters under dispute and now the subject of asserted claims. Their efforts to do so must be vigorously thwarted or the Chinese will end up obtaining the home field advantage in the Bahamian court system.

As I have said time and time again, the rightful legacy and epitaph of Perry Christie can only most deservedly be: "No single Bahamian has ever caused, nor will ever cause, more harm to the Bahamas than Perry G. Christie."

Very apt indeed

"Ok so Steve Mckinney just reported that CCA owns Bahamar.....yes ppl the Chinese Construction Company.the SAME one in that owns the HILTON.....they are the "NEW OWNERS". And he goes on to say the Chinese has demanded a list of FIFTEEN things of which 13 sign off already. Some we have already heard like they don't want to pay custom duty, no VAT no casino tax, they are demanding 500 BAHAMIAN citizenships for 500 CHINESE BILLIONAIRES. But wait for it guys....they have demanded 1200 NEW WORK PERMITS for Chinese workers AND....are you listening AND half of the THREE HUNDRED plus MILLION it will take to finish BAHAMAR. Yes ppl they not only want tax exemptions, work permits and citizenshipssss...
They want us to pay to be GOOSIED. Let's pray Steve Mckinney is wrong...oh yeah it was also mentioned that the Chinese has been given A BAHAMIAN island off Acklins to harvest Cascarilla tree/bark.. the thing used in perfumes. And YUP you guessed it NO BAHAMIANS ALLOWED!!! But we still believe in YOU though...mmmm "