Steerpike
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Post by Steerpike on May 29, 2018 9:10:13 GMT
Hi Steerpike Our systems show that you were sent an email - can you confirm that one was not received? Hugo Yes hugoarchover I forgot to update the posting, the email arrived at 19:08 on 25-May-18, according to the header it was sent at 19:08 so perhaps my account was in a later batch.
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Steerpike
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Post by Steerpike on Jun 25, 2018 10:36:53 GMT
It's a pity that the ARC website doesn't show the chronology, details, or summary of recoveries for loans in recovery, but hopefully there will be a further return of funds within the next two weeks.
25-Jan-18 Administrators appointed
06-Feb-18 Interim update
23-Feb-18 Interim update
15-Mar-18 First recovery report
18-May-18 First payout (17.44%)
25-May-18 Interim update
06-Jul-18 Next payout expected
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Nomad
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Post by Nomad on Jul 4, 2018 11:28:59 GMT
Email update received.
"We are satisfied that the QS, Administrators and recovery agents are all working hard to bring about a successful recovery result for our lenders against the considerable assets that are there to be recovered.
There will be a meeting mid-July with the Administrators, and various other parties which will provide us with more information. After which, there will be a full report on the recovery situation and the insurance claims."
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Steerpike
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Post by Steerpike on Jul 18, 2018 18:06:22 GMT
25-Jan-18 Administrators appointed
06-Feb-18 Interim update
23-Feb-18 Interim update
15-Mar-18 First recovery report
18-May-18 First payout (17.44%)
25-May-18 Interim update - next payout expected by 6-Jul (it didn't happen)
04-Jul-18 Interim update - recovery process much slower than expected
Meeting mid-July with full report on recovery and insurance claims to follow
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Steerpike
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Post by Steerpike on Jul 24, 2018 9:37:43 GMT
25-Jan-18 Administrators appointed
06-Feb-18 Interim update
23-Feb-18 Interim update
15-Mar-18 First recovery report
18-May-18 First payout (17.44%)
25-May-18 Interim update - next payout expected by 6-Jul (it didn't happen)
04-Jul-18 Interim update - recovery process much slower than expected.
Meeting mid-July with full report on recovery and insurance claims to follow.
24-Jul-18 Support. Information is still being received and a full report will likely be distributed in mid August.
04-Sep-18 Report promised for mid August issued. "Process will likely be lengthy".
No forecast for next payment. No date given for next report.
23-Oct-18 Delays but 3 statutory demands will now be issued. Insurance claim to be progressed in next 2 weeks.
27-Nov-18 Progress in various areas, further delays expected, recovery estimate for S&I now 75%.
20-Dec-18 No news. Hope for update in January.
05-Jan-19 Administrator posted notice of extension of administration until 22-Jan-2020
15-Feb-19 Comprehensive update. Still good prospects of a goodly portion of jam for tea at some point for S&I loans.
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Nomad
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Post by Nomad on Aug 2, 2018 16:02:20 GMT
"There will be another Lender Recovery Report being released in the coming weeks." - Archover.
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Post by captainb on Aug 3, 2018 21:03:13 GMT
A report in the coming weeks?
I hope we live long enough to see this to conclusion.
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archie
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Post by archie on Aug 4, 2018 4:41:26 GMT
The loan amount showing on the platform still doesn't reflect the partial repayment.
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Steerpike
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Post by Steerpike on Aug 20, 2018 15:47:33 GMT
20-Aug-18 chat
Are we still expecting an update in August?
- Yes that is very much still the case.
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Nomad
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Post by Nomad on Aug 28, 2018 13:27:56 GMT
A report in the coming weeks? I hope we live long enough to see this to conclusion. Months, maybe...
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Nomad
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Post by Nomad on Aug 30, 2018 18:56:26 GMT
20-Aug-18 chat Are we still expecting an update in August? - Yes that is very much still the case. Cutting it fine, hugoarchover
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Post by timarchover on Aug 31, 2018 13:39:33 GMT
Hi Nomad,
There will be an update released by Tuesday, we are just waiting on one more document from the QS, who works for the Administrator.
Apologies for the delay.
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Post by dharm999 on Sept 4, 2018 16:44:55 GMT
Update today, more of the same. This one will drag on for a long time
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Post by captainb on Sept 20, 2018 1:31:51 GMT
So, is anything happening here?
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Post by roberti on Feb 19, 2019 3:43:07 GMT
UPDATE received....
I'm very disappointed with the situation Re-Vent***tion.
Despite being S&I, and the initial hype about 100% recovery, each update brings yet another reality check!!!
My particular Loan was drawn down 19/10/2017
So much for S&I.....
A VERY DISAPPOINTED, client
Future Investors BEWARE
(Thinking the future of P2P is not looking good.... more a gamble with your money.......)
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