Whipsnade Posted December 21, 2023 #276 Share Posted December 21, 2023 I am in NYC. Still waiting. They claimed they did not have my address. Link to comment Share on other sites More sharing options...
John Cruise Posted December 29, 2023 #277 Share Posted December 29, 2023 Check cleared today in Canada 😆 1 Link to comment Share on other sites More sharing options...
Whipsnade Posted December 29, 2023 #278 Share Posted December 29, 2023 Still waiting in NYC Link to comment Share on other sites More sharing options...
vistaman Posted January 4 #279 Share Posted January 4 still nothing in Belgium!! Link to comment Share on other sites More sharing options...
Cjohns16 Posted January 16 #280 Share Posted January 16 I had a request for my banking details last week and the lawyer added that they plan to start batch bank transfers during February. 1 Link to comment Share on other sites More sharing options...
Whipsnade Posted January 16 #281 Share Posted January 16 Still nothing inNYC. Have called left message no return call. Will persist. Link to comment Share on other sites More sharing options...
LNugent Posted January 16 #282 Share Posted January 16 Email I received from Moecker During the holiday season our bank account was fraudulently compromised. We have stopped issuing checks at the moment in order to fix the issue at hand. We estimate the next round of checks to go out in February. 1 1 Link to comment Share on other sites More sharing options...
Whipsnade Posted January 17 #283 Share Posted January 17 Thanks! That explains it. We are heading to board Sumphony in Sydney for two months. Sure it will be in the mail when we return. 1 Link to comment Share on other sites More sharing options...
vistaman Posted February 21 #284 Share Posted February 21 I had a request to send my bank details what i did on 17 th November 2023 Still nothing and we are 3 months later ... Link to comment Share on other sites More sharing options...
Whipsnade Posted February 21 #285 Share Posted February 21 As we are on a 68 day cruise will nit see my mail until Mar 29. Will follow up then with Moecker if not in mail. Link to comment Share on other sites More sharing options...
LNugent Posted February 26 #286 Share Posted February 26 I followed up with Moecker about a week ago. No response and no check yet. Bummer. Link to comment Share on other sites More sharing options...
vistaman Posted March 7 #287 Share Posted March 7 if such a situation is happening in my country - keeping the available money of a third party too long - one can complain at the supervisor judge and claim the judicial intrests which are at the moment 7 % a year Link to comment Share on other sites More sharing options...
Cjohns16 Posted March 15 #288 Share Posted March 15 Today I received notification from Info CC that a wire transfer has been made to us. I can also confirm payment of usd 4450, converted to Euros is now in our bank account. 6 Link to comment Share on other sites More sharing options...
vistaman Posted March 18 #289 Share Posted March 18 still nothing in our Kingdom - Belgium🤑 despite I had six bookings ! 1 Link to comment Share on other sites More sharing options...
Rare travelberlin Posted March 18 #290 Share Posted March 18 On 3/14/2024 at 11:16 PM, Cjohns16 said: Today I received notification from Info CC that a wire transfer has been made to us. I can also confirm payment of usd 4450, converted to Euros is now in our bank account. Thanks for letting us know. One question, you got US 4450 for one claim? This will be US 2225 per person. Are others also getting this amount? How much shall we expect from Moecker? US 2225 per person? Ivi Link to comment Share on other sites More sharing options...
Rare Roland4 Posted March 18 #291 Share Posted March 18 1 hour ago, travelberlin said: Thanks for letting us know. One question, you got US 4450 for one claim? This will be US 2225 per person. Are others also getting this amount? How much shall we expect from Moecker? US 2225 per person? Ivi That is correct. We received a cheque a few months ago for US$4450.00, or $2225.00/person, which is the maximum amount under Florida law. As I understand it, the balance you are owed becomes part of the Unsecured Creditors claim amount. 1 Link to comment Share on other sites More sharing options...
Rare travelberlin Posted March 18 #292 Share Posted March 18 1 hour ago, Roland4 said: That is correct. We received a cheque a few months ago for US$4450.00, or $2225.00/person, which is the maximum amount under Florida law. As I understand it, the balance you are owed becomes part of the Unsecured Creditors claim amount. Thanks we are still waiting. Link to comment Share on other sites More sharing options...
Rare PaulMCO Posted March 18 #293 Share Posted March 18 (edited) On 3/8/2024 at 5:47 AM, vistaman said: if such a situation is happening in my country - keeping the available money of a third party too long - one can complain at the supervisor judge and claim the judicial intrests which are at the moment 7 % a year I highly doubt that in a case of insolvency. It is not that anyone owes you money. What was owed was from an entity that no longer exists. Normally in a case like this the liquidator would wait until ALL claims are judged before distributing the remains. I credit ABC and the court and providing a priority group payment of partial assets and their skill at getting blood from insurancr companies for the wrong on the management of Crystal. one or 6 claims your priority payment cannot be more than $2,225 pp. Edited March 18 by PaulMCO 1 Link to comment Share on other sites More sharing options...
Rare FlyerTalker Posted March 19 #294 Share Posted March 19 4 hours ago, PaulMCO said: I highly doubt that in a case of insolvency. Absolutely. Bankruptcy is a highly specialized area of the law, with unique procedures. I know just enough to know that I am out of my league when it comes to those special factors. But I do have some general experience to rely on. Everyone needs to remember: The corporation that was "old Crystal" is gone. Kaput. Strewn to the dustbin of history. There is no "old Crystal" holding on to funds and assets. Where a court could issue a judgment for payment. What there is is a bankruptcy trustee (however that is phrased under the applicable law) who is charged by the court to resolve the various claims against any realized assets of the FORMER corporation. That trustee has to operate under the applicable bankruptcy laws and under the supervision/order of the relevant judge/court. No one is deliberately seeking to screw foreign creditors. That's an invitation for judicial sanctions. Link to comment Share on other sites More sharing options...
bitob Posted March 19 #295 Share Posted March 19 So should we expect additional payments beyond the initial payment we received? Link to comment Share on other sites More sharing options...
Whipsnade Posted March 19 #296 Share Posted March 19 Highly unlikely that there will be further distributions to any of us. I believe we will now be far down the pecking order for what scraps may remain. Those of us who took advantage of New Crystal’s generous offer via Exceotional Initiative are more than “whole” and have nothing to complain about. Certainly I do not. Very happy on board Symphony and have booked out all my EI cruises over the next year. Only downside would be if I croak before I use them up!!! 2 Link to comment Share on other sites More sharing options...
vistaman Posted March 19 #297 Share Posted March 19 10 hours ago, PaulMCO said: I highly doubt that in a case of insolvency. It is not that anyone owes you money. What was owed was from an entity that no longer exists. Normally in a case like this the liquidator would wait until ALL claims are judged before distributing the remains. I credit ABC and the court and providing a priority group payment of partial assets and their skill at getting blood from insurancr companies for the wrong on the management of Crystal. one or 6 claims your priority payment cannot be more than $2,225 pp. No, what I want to make clear that the money is obviously there and available on an account owned by the assignee , obviously for more than half a year , - and the money for the victims - old C clients - is not forwarded swiftly at all years ago in Belgium there was a scandal where lawyers were involved , keeping the available money from cases ( selling houses , damages ... ) far too long - several months - on their accounts and sometimes causing financial problems for their clients. Link to comment Share on other sites More sharing options...
Whipsnade Posted March 19 #298 Share Posted March 19 To reiterate. If you have received an initial payment from Moecker do not expect any more. We were preferred creditors so received those funds. The remainder of what we claimed goes to the bottom if the pile. If we ultimately receive any more $$ it will be pennies in the dollar. Link to comment Share on other sites More sharing options...
Rare FlyerTalker Posted March 19 #299 Share Posted March 19 11 hours ago, bitob said: So should we expect additional payments beyond the initial payment we received? Ask your favorite in-house counsel. 1 Link to comment Share on other sites More sharing options...
Rare FlyerTalker Posted March 19 #300 Share Posted March 19 6 hours ago, vistaman said: No, what I want to make clear that the money is obviously there and available on an account owned by the assignee , obviously for more than half a year , - and the money for the victims - old C clients - is not forwarded swiftly at all Two questions: Just how do you know that "the money" is there, and how much? Next: Do you know where in the LEGAL pecking order customers sit? Especially in relation to vendors and agents, who also have valid legal claims. Without those two facts, complaining is just that. 3 hours ago, Whipsnade said: To reiterate. If you have received an initial payment from Moecker do not expect any more. We were preferred creditors so received those funds. The remainder of what we claimed goes to the bottom if the pile. If we ultimately receive any more $$ it will be pennies in the dollar. Absolutely true. Think about it....a company goes into bankruptcy because their debts are greater than their assets. It is impossible to then be able to satisfy every one of those debts at a 1:1 ratio because there aren't enough assets to go around. It is precisely because everyone thinks that THEY should be made whole that bankruptcy has specific procedures to fairly distribute the balance of assets per the relevant law. Vis a vis all creditors. Link to comment Share on other sites More sharing options...
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