i have great difficulty in understanding how the liquidators are legally able to justify giving creditors with claims of less than $50,000 preferential claims processing treatment over creditors with much larger claims where the larger creditors have provided the liquidators with all of the claims documentation (including KYC documentation) required to be submitted by law.

The laws pertaining to the insolvency of an entity domiciled in The Bahamas determine the class of creditors, e.g., secured vs unsecured. To the best of my knowledge the court sanctioned liquidators have no authority to create arbitrary classes of creditors such as "convenience creditors" and "non-convenience creditors" based on claim amount alone. In fact, the courts have long recognised that larger creditors are entitled to have a greater say in the conduct of the liquidation because they have the most to lose if the liquidators stray from the legal framework within which they must conduct the liquidation with appropriate oversight from a competent judge sitting on the court. The larger creditors having a greater say in the conduct of the liquidation is usually achieved through the establishment of a creditors' committee blessed by the court.

It seems the liquidators may have lost sight of the fact that time is money and therefore it is the largest creditors who have the most to lose by inordinate delay in the processing of their claims where they have submitted all documentation, including KYC documentation, required to be submitted by law.

In those instances where FTX failed to obtain required KYC documentation at the time an account was opened by the customer (now claimant), or did not maintain complete and accurate accounting records for the customer's (now claimant's) account, the liquidators are compelled to give the claimant the benefit of the doubt if he or she submits reasonable documentation to establish their identity and justify the validity of their claim by the set deadline for doing so. The liquidators are not permitted to created unreasonable barriers to the processing of any claim, especially when there are no competing claims for the same benefit entitlement associated with any particular customer's account.

The continued "slow walking" of this liquidation is proving very costly for those legitimate large creditors who have already submitted all of the documentation required by law to prove their claim(s). Surely the liquidators are well aware that undue delay in the processing a creditor's proven claim results in inflation eroding the value of the claim amount.

Not 10 years anymore.....maximum 3 years for B1 & B2 visas.

You're a racist idiot to your very core and the fact that you are so proud to be so proves just how pathetically stupid you really are. Get a life!

And the school system has produced those very same irresponsible and unprincipled parents (and grandparents in some cases) that you choose to blame. Our educational system has been dysfunctional from the moment SLOP realised that dumbed-down voters would be the path of least resistance for him to stay in power as PM.....and so he did for a quarter of a century.

But she's not the least bit shocked by the fact that successive corrupt and incompetent governments bear great responsibility for the despair and lack of hope that permeates our society and inflicts so much grievous mental harm on the most vulnerable among us. Our public schools may as well be regarded as pathetic psyche wards with no psychiatric treatment. Much like our public hospitals and clinics with no adequate medical care.

We have Perry Vomit Christie, Slo Mo Sears, and our Jack-Arse PM Davis to thank for this slime ball thug now wanting to take control of the PLP party using the ill-gotten riches from his criminal empire that should have long ago been taxed out of business and replaced with a national lottery. Instead, many honest and hardworking Bahamians have been taxed out of business. And to think our puppet PM and tooty-fruity Fwreddy Boy are having to lick this scum-bag's dirty arse while giving him whatever he wants. Makes one shudder at the very thought of what's to come!

Yup. Trump decided very early on that our corrupt and incompetent government really deserves nothing more than an American ambassador whose intellect is on par with that of our own ambassador to the U.S. and that of Fwreddy Boy Mitchell. LOL

My friend, if you believe what Darville is saying here, then you must also believe in the Tooth Fairy and Santa Clause.

The door was opened to King Trump and his fellow oligarchs by the deep state and military industrial complex setting the bar to the presidential throne so low with Obama, Biden and then Kamala.

Yup.