Steerpike
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Post by Steerpike on Mar 26, 2018 15:02:42 GMT
21 Mar 2018 Statement of administrator's proposal
This document is being processed and will be available in 5 days.
Should be available on CH fairly soon then.
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ding
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Post by ding on Mar 28, 2018 12:15:01 GMT
In my payment schedule this is listed as "Payment Overdue" which is strictly true. Only just noticed it had defaulted, I did get the emails but didn't realise I had 1k in this.
Worth noting these also defaulted: First ranking: 5192 5199 5234 6261
Second: 5205
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Nomad
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Post by Nomad on Apr 9, 2018 18:26:03 GMT
I have just received my lender update from Archover, thanks for this hugoarchover . It appears that one of the borrower's clients has been impacted by the collapse of Carillion and will therefore be unable to pay their invoices. Will you be making a claim on the insurance? There is no mention of this in the report. I also see no mention of the auction of assets which we were told about in the previous update. Has this auction taken place yet? Hi savernake There is mention of credit insurance - 'Claims are also being prepared to Tokio Marine HCC for protracted defaults (debtors have been affected by the Carillion collapse)' - under 'Support Services' they are listed as the credit insurer - as listed on the original funding requests. We will get back to you regarding the auction of assets. When can we expect a further update, please hugoarchover ?
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Nomad
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Post by Nomad on Apr 12, 2018 12:35:48 GMT
Hi savernake There is mention of credit insurance - 'Claims are also being prepared to Tokio Marine HCC for protracted defaults (debtors have been affected by the Carillion collapse)' - under 'Support Services' they are listed as the credit insurer - as listed on the original funding requests. We will get back to you regarding the auction of assets. When can we expect a further update, please ? Three more days have passed, hugoarchover, and it's 4 weeks since your last post on this loan.
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Nomad
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Post by Nomad on Apr 13, 2018 16:13:16 GMT
When can we expect a further update, please ? Three more days have passed, hugoarchover , and it's 4 weeks since your last post on this loan. They "hope to provide an update next week".
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Steerpike
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Post by Steerpike on Apr 17, 2018 8:34:34 GMT
From the first report issued 15-Mar-18:
"we have recovered around a quarter of the debts owed ... we are hoping to make the first payment back to S&I Lenders in late March or early April"
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Steerpike
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Post by Steerpike on Apr 17, 2018 15:48:31 GMT
Response to query today 17-Apr-18:
"...we are expecting an initial distribution of capital to be made this week along with an update, we are just waiting on the final funds to arrive..."
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Steerpike
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Post by Steerpike on Apr 18, 2018 11:42:04 GMT
Email 18-Apr-18:
"...we are able to report that we are now making a ‘first instalment’ of funds ... should clear into your account within 48 hours of this email..."
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Steerpike
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Post by Steerpike on Apr 20, 2018 14:28:02 GMT
I have received my 17.4423% and I hope that there is more to come, not sure if interest continues to accrue but I suspect not.
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Post by captainb on Apr 20, 2018 21:31:07 GMT
I have just cleared 1000 on my 31G pot. Lost 1000 and gained £174. So that represents my winnings. Pretty poor. Funding Circle and Octapus choice equally disappointing. Just one loan can wipe away all the gains.
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Steerpike
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Post by Steerpike on Apr 23, 2018 16:02:31 GMT
Via support today:
"When do you expect to provide the next update on V********** and how frequently will updates be issued thereafter?"
"As and when new developments happen with the recovery process we will be updating the lenders in the project.
The total value of assets that we are seeking to recover are more than the outstanding loans. It is far to early at this stage for our team to second guess what the eventual outcome would be and I am sure you would not want us to act unprofessionally in respect to this sort of communication. Please take assurance that we work with the biggest administrator with the most experience in this sector, Begbies. This process is being conducted as quickly as possible - we are not withholding any information back, but we are wary on providing or forecasting a figure at this time. I would imagine updates will be posted every 4-6 weeks."
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archie
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Post by archie on May 4, 2018 7:56:54 GMT
I note the loan amount doesn't reflect the recent partial repayment on this loan.
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Nomad
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Post by Nomad on May 25, 2018 15:00:40 GMT
Email update received. Fairly positive...
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Steerpike
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Post by Steerpike on May 25, 2018 16:20:29 GMT
I am in #6261 and haven't received an email since 18th April.
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Post by hugoarchover on May 29, 2018 8:57:54 GMT
Hi SteerpikeOur systems show that you were sent an email - can you confirm that one was not received? Hugo
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