Notice of claims

(1) Not later than ninety days after the last day specified in the notice for filing claims against a licensee being compulsorily wound-up, the liquidator shall– (a) reject any claim of which it doubts the validity; (b) determine the amount, if any, owing to each known depositor or other creditor, and the priority of his claim under this Act; (c) prepare for filing with the Central Bank a schedule of the actions proposed to be taken for the purpose of the compulsory winding-up of the licensee; (d) notify each person whose claim is allowed in full; and 181 (e) publish, once a week for three consecutive weeks, in the Gazette and in a newspaper of general circulation in Belize– (i) a notice of the date and place where the schedule referred to in paragraph (c) will be available for inspection; and (ii) the last date, not being earlier than thirty days from the date of publication, on which the liquidator will file that schedule with the Central Bank.