Cyprus-Forum.com

[Pyrpolizer]

You cannot make a bankrupt person or company take a loan to pay back its creditors VP. What world are you living in the Disney World? All you can do is liquidate the companys assets, and if some money is collected share those money to the people who lost it.

QUOTE:

Cosar said that «in order to overcome the Banking crisis first the issue of the depositors affected must be solved». Cosar went on and said:
«We are transferring the bankrupt banks to a fund that has no money. The affected depositors/ money was not paid. We have decided to liquidate the banks, but we don't have resources.
Turkey is giving every month five trillion TL for the affected depositors. This means that we will be paying forever debts to the affected depositors. Turkey should stop paying us every month five trillion TL. Instead Turkey should give us a paper against the total money that banks owe to the affected depositors for one year.

[observer]

Returning to Zan's original request for comments, the site has to be a joke. Reading the comments that follow, there can't be enough people in the world who could take that stuff seriously, let alone in a small country like Greece - and all using such good English.

Now come clean, was it VP or Zan who wrote it?

[Viewpoint]

Pyrpolizer

You cannot make a bankrupt person or company take a loan to pay back its creditors VP

What if they still have going concerns or ways to pay back lost funds? Do you know Asil Nadir indirectly own Kibris news paper? and is paying off his debt vis the collapsed bank he once owned.

All you can do is liquidate the companys assets, and if some money is collected share those money to the people who lost it.

That is only part of it, selling off assets the balance has to be found from somewhere and that is from payments to the Insurance fund by local banks and payments of outstanding debts by closed bank borrowers and bank owners.

[miltiades]

I lost 10000 shares in PolyPeck , I knew Asil Nadir when he was mainly involved in garments , my company then used to look after his airfreight to Lybia mostly, I believe his company was called Wearwell .
He was a brilliant businessman and a crook. Have no doubts about that. He will sell his mother to achieve his plans.
I think you should arrange to have him sent back to the UK where as you obviously know he is a wanted man.
And you really thought that the UK would rush to allow direct flights !!! We hav elots of problems in the UK but ignoring International laws is not one of them.

[zan]

I lost 10000 shares in PolyPeck , I knew Asil Nadir when he was mainly involved in garments , my company then used to look after his airfreight to Lybia mostly, I believe his company was called Wearwell .
He was a brilliant businessman and a crook. Have no doubts about that. He will sell his mother to achieve his plans.
I think you should arrange to have him sent back to the UK where as you obviously know he is a wanted man.
And you really thought that the UK would rush to allow direct flights !!! We hav elots of problems in the UK but ignoring International laws is not one of them.

All laws can be challenged and this unjust one will be also. Don't forget we have Cherrie on our side.

[miltiades]

Not for long though , she has taken on the defence of mullah whats is f..ng name Taliban warlord. They offered her 1 , yes , just 1 thousand pounds and a share of the poppy industry , greedy cow could not resist grazing in those luscious fields of Afghanistan , thinking about it though has Afghanistan ever given anything to the world apart from mullahs and jihadis , I wonder if it would be sadly missed if Iran dispatches one of its nukes towards them. Don't ask what Cyprus gave the world , just in case you do , let me list a few things. Plenty of sunshine , wonderful beaches , the best potatoes in the world , halloumi along with souvla , lets not forget George poofter Michael , and of course us , the Cypriots .

[zan]

I will go along with the potatos' and the hellim but the rest the world could have done without.

[miltiades]

Zan , just think of all the British retired in Cyprus , I mean they couldn't really contemplate Afghanistan as a haven for retired people could they . And what about all the ancient ruins still standing , not destroyed like the bloody Afghan mullahs did in their country , I suppose I might as well come clean and ad mitt to being somewhat biased , but I really think Cyprus is the greatest place on earth. Hellim , or Halloumi its still very tasty grilled or fresh with olives and tomatoes , Cypriot tomatoes that is.

[zan]

Zan , just think of all the British retired in Cyprus , I mean they couldn't really contemplate Afghanistan as a haven for retired people could they . And what about all the ancient ruins still standing , not destroyed like the bloody Afghan mullahs did in their country , I suppose I might as well come clean and ad mitt to being somewhat biased , but I really think Cyprus is the greatest place on earth. Hellim , or Halloumi its still very tasty grilled or fresh with olives and tomatoes , Cypriot tomatoes that is.

First Cyprus then Afghanistan and then the world.The British think ahead.

With the food, chuck a fried egg in there and it is far better than an English fryup.

[Pyrpolizer]

What if they still have going concerns or ways to pay back lost funds? Do you know Asil Nadir indirectly own Kibris news paper? and is paying off his debt vis the collapsed bank he once owned.

Legally it doesn’t stand. I may be a shareholder in 100 Companies, if one goes bankrupt they cannot touch a penny on my other shares, nor a penny of my personal property. Asil Nadir is a special case and you should know that.

That is only part of it, selling off assets the balance has to be found from somewhere and that is from payments to the Insurance fund by local banks and payments of outstanding debts by closed bank borrowers and bank owners.

Who told you the balance has to be found? What you described is actually the process of liquidation, whatever is gained from that is fine. However it would never balance because if it would the Bank wouldn’t need to declare Bankruptcy on the first place. I don’t know what the Insurance fund paid, all I know their depoited capital was $2 million per Bank, whereas the total amount due was 87 million nett

Look at the article I posted. The money came from Turkey. Period.