Assetz Capital's Provision Fund is pointless

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cb25

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Assetz Capital's Provision Fund is pointless Apr 6, 2018 9:54:32 GMT

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Post by cb25 on Apr 6, 2018 9:54:32 GMT

In a Q&A on loan 227, AC state "Assetz Capital cannot make a proposal on behalf of the borrower. It is the responsibility of the borrower to submit their proposal as they deem appropriate, and not Assetz Capital." Doesn't say "of course we could, but we're trying to keep it polite".

AC's response fails to follow their T&Cs about defaulted loans.

happy
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Assetz Capital's Provision Fund is pointless Apr 6, 2018 10:02:37 GMT chris, davee39, and 1 more like this

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Post by happy on Apr 6, 2018 10:02:37 GMT

AC saying they cannot make a proposal on behalf of a borrower does not in any way say or imply that AC cannot exercise its(our) rights over the assets we have legal charge over. This is a process and in this case a very complex process involving multiple and dissimilar assets and businesses that also employ people and provide an income to the families of those involved. Doing the right thing here is not just about anyones rights in law.