ptr120
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Post by ptr120 on Sept 20, 2018 19:23:12 GMT
Hi ablrate a slightly firmer nudge for an update. I know that you don't have a crystal ball but I wonder if it might be helpful to set out a roadmap going forward? At what time do you propose to call a halt to things and crystallize a loss, or should I put this loan in to my will for any future heirs?
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pom
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Post by pom on Sept 21, 2018 11:32:47 GMT
Hi ablrate a slightly firmer nudge for an update. I know that you don't have a crystal ball but I wonder if it might be helpful to set out a roadmap going forward? At what time do you propose to call a halt to things and crystallize a loss, or should I put this loan in to my will for any future heirs? Yes I'm sure the borrower would be delighted to know how soon ABL might give up, or that lenders might be putting pressure on them to do so...
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Post by ablrate on Sept 21, 2018 12:04:52 GMT
Hi ablrate a slightly firmer nudge for an update. I know that you don't have a crystal ball but I wonder if it might be helpful to set out a roadmap going forward? At what time do you propose to call a halt to things and crystallize a loss, or should I put this loan in to my will for any future heirs? I have spoken t the insolvency guys today and will formulate an update for you. If you are crytalizing a loss for tax purposes, then by the rules then we have already called it as defaulted. However, unlike our esteemed parliament we wont be laying out our back stop position or a date.... basically we will take it to the ultimate end
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Steerpike
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Post by Steerpike on Sept 21, 2018 12:47:27 GMT
Ultimate End?
OK, I have a booked a table at Milliways, accrued interest should cover, looking forward to the show.
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ptr120
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Post by ptr120 on Sept 26, 2018 20:28:21 GMT
Hi ablrate a slightly firmer nudge for an update. I know that you don't have a crystal ball but I wonder if it might be helpful to set out a roadmap going forward? At what time do you propose to call a halt to things and crystallize a loss, or should I put this loan in to my will for any future heirs? I have spoken t the insolvency guys today and will formulate an update for you. If you are crytalizing a loss for tax purposes, then by the rules then we have already called it as defaulted. However, unlike our esteemed parliament we wont be laying out our back stop position or a date.... basically we will take it to the ultimate end Hi ablrate thanks for your note - how long do you think the update from the insolvency guys is likely to take? It is a good reminder about crystallizing for tax reasons, and you raise a very valid point about taking this to the ultimate end which I support. However, there is also the issue of previous undertakings provided. Kicking the can down the road isn't something that people can generally accuse ablrate of being guilty of - perhaps with this one exception.
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pom
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Post by pom on Sept 27, 2018 10:08:50 GMT
I have spoken t the insolvency guys today and will formulate an update for you. If you are crytalizing a loss for tax purposes, then by the rules then we have already called it as defaulted. However, unlike our esteemed parliament we wont be laying out our back stop position or a date.... basically we will take it to the ultimate end Hi ablrate thanks for your note - how long do you think the update from the insolvency guys is likely to take? It is a good reminder about crystallizing for tax reasons, and you raise a very valid point about taking this to the ultimate end which I support. However, there is also the issue of previous undertakings provided. Kicking the can down the road isn't something that people can generally accuse ablrate of being guilty of - perhaps with this one exception. Given they declared the loss in the 16-17 tax year it's hardly kicking the can. If you've not used that loss it's hardly ABL's fault, and courts and insolvency processes are always slow.
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ptr120
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Post by ptr120 on Sept 27, 2018 17:19:03 GMT
That wasn't the can I was thinking of
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ptr120
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Post by ptr120 on Oct 18, 2018 19:09:54 GMT
Hi ablrate the promised update on these loans is now well overdue. Please can you do the honors?
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r00lish67
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Post by r00lish67 on Oct 24, 2018 15:27:42 GMT
Hi ablrate a slightly firmer nudge for an update. I know that you don't have a crystal ball but I wonder if it might be helpful to set out a roadmap going forward? At what time do you propose to call a halt to things and crystallize a loss, or should I put this loan in to my will for any future heirs? I have spoken t the insolvency guys today and will formulate an update for you... Hi ablrate , you've had a month now to formulate an update, please could we have it?
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ptr120
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Post by ptr120 on Dec 14, 2018 16:36:56 GMT
Hi ablrate please can we have an update on the situation with these loans before the Christmas break? I was just thinking the other day how many Christmases have come and gone since I lent on these container loans?
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ptr120
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Post by ptr120 on Dec 17, 2018 23:11:24 GMT
Hi ablrate can we expect an update before the Christmas break on these long overdue loans? Perhaps with an update on your previous commitment provided on this forum to find a solution that means that we don't lose out? Edit: as per a couple of PMs received, here is the post where ablrate confirmed that they would find a solution where we won't lose out. I take it to mean that interest is still accruing and they will make good on both interest and capital: p2pindependentforum.com/post/136561
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SteveT
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Post by SteveT on Dec 18, 2018 7:50:27 GMT
Edit: as per a couple of PMs received, here is the post where ablrate confirmed that they would find a solution where we won't lose out. I take it to mean that interest is still accruing and they will make good on both interest and capitalHoping the platform may cover any ultimate capital loss is optimistic but not impossible, I guess. But expecting also to receive interest on your defaulted funds is ludicrous, IMHO. Posts like this simply further discourage platforms from engaging on here when loans hit problems (see Lendy!)
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Steerpike
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Post by Steerpike on Dec 18, 2018 9:14:26 GMT
Edit: as per a couple of PMs received, here is the post where ablrate confirmed that they would find a solution where we won't lose out. I take it to mean that interest is still accruing and they will make good on both interest and capitalHoping the platform may cover any ultimate capital loss is optimistic but not impossible, I guess. But expecting also to receive interest on your defaulted funds is ludicrous, IMHO. Posts like this simply further discourage platforms from engaging on here when loans hit problems (see Lendy!) Agreed, although, to be fair, there has been very little engagement over the years (!) and almost none of it has been meaningful.
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invester
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Post by invester on Dec 18, 2018 9:26:07 GMT
I think Ablrate have bought themselves some goodwill here - if this was another platform I think people would be more on their case over the very few updates.
I do think they are fighting against the tide here, and these loans are diddlers compared to the much larger debacles that have happened since elsewhere.
Just seems to me that any recovery would be dwarfed by the fees - must be a couple of years of paying for legal advice.
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blender
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Post by blender on Dec 18, 2018 9:46:42 GMT
I know it's Christmas, but this is the wrong time to be anticipating and maximising ex-gratia payments.
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