Posted on

BIDC moving in on debtors


BIDC moving in on debtors

Social Share


THE POSTMAN will be soon knocking on the doors of delinquent tenants of the Barbados Investment and Development Corporation (BIDC) estates with eviction notices if millions of dollars they owe to the corporation are not paid.

This is one of the measures aimed at chronic defaulters by the BIDC in the next few months to recover $11.26 million in rent.

Sonja Trotman, chief executive officer of the BIDC, said 43 of its 181 tenants have been identified as those with long-standing arrears and will be targeted in two phases. They will receive correspondence shortly from the board.

Speaking yesterday during a Press conference at the BIDC’s Pelican House head office, Trotman said the BIDC was recovering the money owed as well as reclaiming its rental spaces, particularly from tenants whose accounts had remained in arrears for inordinately long times despite efforts to collect receivables. (LK)

Please read the full story in today’s Daily Nation, or in the eNATION edition.