r1200gs
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Ablrate (ABL) in Administration
AF Loans (ABL)
Aug 11, 2023 15:03:52 GMT
via mobile
Post by r1200gs on Aug 11, 2023 15:03:52 GMT
No money then?
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r1200gs
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Post by r1200gs on Aug 4, 2023 10:00:50 GMT
"The Administrators are in the process of reviewing a pre-Administration matter pertinent to the distribution". Any clue on what this "matter" could possibly be? Some might think they haven't taken enough in fees, and found a way to add more. As long as these administrators are holding funds, they are looking for ways to keep them to themselves. It's not rocket science, they have been operating like this for a very long time. It's the system. I'm looking at a very significant distribution from another administration, it's as clear as day that they have no intention of releasing my money until every possibility of keeping it is exhausted. Coming up now to three years from when the security was sold, three years!
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r1200gs
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Post by r1200gs on Aug 4, 2023 9:57:31 GMT
They have almost literally swept the whole thing under the carpet. The bottom line for me is they were complicit in the fraud by authorising it and allowing FS to display that reassuring logo. The FCA know it as well.
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r1200gs
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Ablrate (ABL) in Administration
AF Loans (ABL)
Aug 2, 2023 17:20:03 GMT
Post by r1200gs on Aug 2, 2023 17:20:03 GMT
According to the text accompanying a 26 July 2023 video on the turnkey contractor's YouTube channel, F********r Doncaster is "now completed and handed over to UK infrastructure developer F*******r and is in commercial operation" Now that is very good news of course There are also posts on the linkedin pages of the contractor and F*******r I am surprised that it didn't warrant any comment by ablrate I've written to DBW on this topic a couple of times in the last month, this was his last response (24 July): "As I have said to you previously, we are awaiting the lawyers coming back to us with sign off on the addendum. I have been speaking with Mr Foreman on a weekly basis and we expect to have something soon" Collusion?
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r1200gs
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Post by r1200gs on Aug 1, 2023 9:36:43 GMT
Indeed, now heading for three years into the recovery of that tower block money and I cannot wait to see the reasons why I can never have it back. Absolutely nobody other than us wants this money to come back to us, and we can do virtually nothing about their efforts to keep it to themselves.
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r1200gs
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Post by r1200gs on Jul 26, 2023 16:10:13 GMT
Freeze on withdrawals.
Does this make any difference to anybody?!
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r1200gs
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Post by r1200gs on Jul 26, 2023 13:48:40 GMT
Criminal investigations would surely shine a light on the failings of the FCA, that explains a lot.
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r1200gs
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Post by r1200gs on Jul 23, 2023 22:15:58 GMT
DBW just sent me a location map from Abra Dubai - do you think he's trying to tell me something? Yes- goodbye and thank's for all the fish. I really thought he might be different, but he's as bent as a nine bob note.
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r1200gs
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Post by r1200gs on Jul 11, 2023 9:29:36 GMT
So this one went from the 15th May position where a claim was to be filed within the coming week to the 10th July position of "We remain in contact with the borrower, and if necessary, we are prepared to initiate legal action in the coming weeks." Can kicked, no substantive update, no money. Does that seem a fair summary?Yes, you're spot on. Ablrate's default game is to just kick the can further and further down the road. How many years have we been "updates" from Ablrate in which there is not a reference to a single payment having been made for the majority of loans? To highlight the point, this - Loan #94. Status: Our aircraft agent has informed us that they are "still actively working on a sales agreement. The potential buyer remains interested in acquiring the aircraft; however, they have been somewhat slow in progressing the necessary steps to finalize the agreement". We are in regular contact with our agent and will continue to encourage prompt action from the buyer to expedite the process.How many years now?!
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r1200gs
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Post by r1200gs on Jun 29, 2023 11:06:01 GMT
Withdrawal is only possible for released funds, no withdrawal is possible for the lions share of my funds because of legal bull that will be three years old in September and no end in sight. I suspect it does not help that the administrators are in no rush to see funds leave when they can see a possibility of eventually getting them for themselves.
I know the CC are on the case of the claim that C&G are holding back loans for potential administration costs, I do hope that is cleared up (and knocked on the head) as soon as possible.
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r1200gs
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Post by r1200gs on Jun 28, 2023 16:25:49 GMT
Withdrew £1,696 on Friday for the boats.Got a payment today for £1. Any ideas why that is all I got . Possibly because you entered 1,696 and not 1696.
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r1200gs
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Post by r1200gs on Jun 28, 2023 16:23:27 GMT
Is this loan related to the council tower block? No. barnold* was paid out and then retracted because a lender in another loan for the same borrower wants a share of it. It's all surprises with FS, isn't it? Nothing is as it first appears and nothing is safe. And this is my fear with C****** house, 1.3 million sitting there with various eyes ogling it.
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r1200gs
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Post by r1200gs on Jun 28, 2023 15:44:20 GMT
They've frozen the funds (capital + interest) for barno* 1st charge. Don't know what the payout was if any for the 2nd charge.
I assume the issue is about another 2 loans for 64k in total for the same town and there is someone claiming the securities are linked somehow.
None of the account information has been reversed correctly yet and maybe never will (more manual tracking)
There could also be other loans with disgruntled claimants trying to salvage something given the administration history, until the money is in your account...
Not surprisingly the funds from barnold* 1st charge that were frozen due to a last gasp complaint have just disappeared from the earth. Still absent from all 3 accounts - cash, loans and frozen funds. It is in the ether account apparently.
Their level of service has been consistent if nothing else!
Is this loan related to the council tower block?
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r1200gs
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Post by r1200gs on Jun 28, 2023 15:22:22 GMT
I've just received my withdrawal - requested Fri 23 @ 14:54 Yup me too, you even beat my phone notification to telling me That's me out of FS forevermore...... I would love to be able to say the same thing, but three years (?!) after the sale of that council tower block the administrators are still not releasing the proceeds.That will get me out of FS with minimal losses, might. As long as the money is not in my account I know somebody else is trying to make sure it never does. It is so stressful.
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r1200gs
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Post by r1200gs on Jun 26, 2023 12:41:05 GMT
According to the landlady of the pub close by, the current people have been in the t** house a long time, no new faces.
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