coop
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Post by coop on Oct 16, 2019 13:34:21 GMT
Quite annoyed about this one; one would have thought this would be easy due to the decent LTV and highly saleable asset but I get the impression there must have been some sort of balls up for there not to be a cut and dry court decision in our favour. I will lose a significant chunk of cash if this one doesn't repay any more and will probably have wiped out most of my profits from MT.
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johni
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Post by johni on Oct 16, 2019 18:04:37 GMT
For me it's time to do exactly the same. Go back to square one take them to court for all outstanding debt plus interest at default rate.
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Post by funkymonkey on Nov 22, 2019 13:05:31 GMT
Notice on companies house that a receiver has been appointed, dated today. Document not yet available to read, so don't know the reason, given that the loan is already in default...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 22, 2019 13:37:23 GMT
Notice on companies house that a receiver has been appointed, dated today. Document not yet available to read, so don't know the reason, given that the loan is already in default... There is a second receiver who doesnt appear on the original RM01 filed, so either an error, an additional reciever or a replacement.
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Post by spareapennyor2 on Dec 6, 2019 8:03:32 GMT
update on site
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withnell
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Post by withnell on Dec 6, 2019 8:08:49 GMT
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Post by Badly Drawn Stickman on Dec 6, 2019 8:37:14 GMT
Maybe more a case of not bad news, unless it is careless language 'some costs' sounds like a less than full return on legal costs.
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Post by brianac on Jan 7, 2020 18:30:53 GMT
Still awaiting finalisation on this one Brian
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Post by spareapennyor2 on Jan 9, 2020 15:23:58 GMT
update on site borrower still appealing
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averageguy
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Post by averageguy on Jan 9, 2020 16:47:53 GMT
update on site borrower still appealing I find the borrower very unappealing
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derbyfella
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Post by derbyfella on Jan 9, 2020 16:57:53 GMT
Who said the laws an ass?
” you can’t appeal”..... ”but you can write to the court of appeal to ask if you can appeal, failing that you can submit an oral application requesting the right to appeal”
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travolta
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Post by travolta on Jan 9, 2020 17:08:27 GMT
Just stringing it out until theres nothing left to pay with.
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keystone
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Post by keystone on Jan 9, 2020 23:57:22 GMT
It's probably not costing him much to go down this route as Moneything reached a settlement agreement with the borrower so interest probably ceased accruing back in July last year. I say probably because we as lenders don't know, we're only the mugs whose money is at stake. It may have been wiser to go to court without settling as we may end up going down that route anyhow if he wins his appeal. Totally shambolic but this the world of P2P.
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keystone
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Post by keystone on Feb 5, 2020 18:02:01 GMT
MoneyThing, as it's been more then a couple of weeks, do you know if the borrower was granted permission to appeal based on a written submission?
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Post by MoneyThing on Feb 5, 2020 19:03:59 GMT
MoneyThing , as it's been more then a couple of weeks, do you know if the borrower was granted permission to appeal based on a written submission? Evening keystone. I have just posted a brief update on the platform. Kind regards, Ed.
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