markyg61
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Post by markyg61 on Apr 3, 2018 7:46:08 GMT
I've completed some sections of the Proof of Debt Form sent by RR last month. It is the final page of the downloadable document and followed the letter and form AM01. My question: I'm not sure what to write, if anything, in sections 8, 9, and 13. Can anyone advise? Many thanks! 8. Particulars of any security held, the value of the security, and the date it was given: 9. Particulars of any reservation of title claimed, in respect of goods supplied to which the claim relates: 13: Position with or in relation to creditor: I'm thinking here I should write 'investor'? Based on what I have read so far....it wouldn't hurt to register an interest. Just filled out mine and walking up the post office now !
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11025
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Post by 11025 on Apr 3, 2018 7:52:49 GMT
Do lenders have to send in the proof of debt form? Based on what I have read so far....it wouldn't hurt to register an interest. Just filled out mine and walking up the post office now ! Do you think it has to be posted , rather than emailed ?
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markyg61
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Post by markyg61 on Apr 3, 2018 7:58:05 GMT
Based on what I have read so far....it wouldn't hurt to register an interest. Just filled out mine and walking up the post office now ! Do you think it has to be posted , rather than emailed ?
The original comms (the only comms I have received ! )from RR does state "please forward full details in writing to me as soon as possible" Email with a hardcopy backup posted perhaps ?
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11025
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Post by 11025 on Apr 3, 2018 8:04:42 GMT
Do you think it has to be posted , rather than emailed ?
The original comms (the only comms I have received ! )from RR does state "please forward full details in writing to me as soon as possible" Email with a hardcopy backup posted perhaps ? Yes It does , they can email and we have to post !
I have emailed and got a read receipt I will also post today ,
thanks
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seb8072
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Post by seb8072 on Apr 3, 2018 8:39:47 GMT
I can't help but think there is a bit of a panic going on here. The only "official" communication I have received regarding this incident is the email from COL on the 28/02/18 with the link to the letter from RR. In that letter was a Q&A section, one question of which was "I have lent money via the Collateral platform do I need to do anything", the answer to which was "No. ....." Have I got it wrong?
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Post by dualinvestor on Apr 3, 2018 8:52:44 GMT
I've completed some sections of the Proof of Debt Form sent by RR last month. It is the final page of the downloadable document and followed the letter and form AM01. My question: I'm not sure what to write, if anything, in sections 8, 9, and 13. Can anyone advise? Many thanks! 8. Particulars of any security held, the value of the security, and the date it was given: 9. Particulars of any reservation of title claimed, in respect of goods supplied to which the claim relates: 13: Position with or in relation to creditor: I'm thinking here I should write 'investor'? Do lenders have to send in the proof of debt form? At this stage in the process you do not HAVE to do anything. A proof of debt is only required from creditors, it is not clear at the moment whether "investors" (sic) are creditors. The report of 23 March, if genuine and not a draft or forgery, states there are no creditor's. It is only NECESSARY if the Administrator is about to pay a dividen. Rather than submitting a proof of debt it may be in your interest to send a letter or email registering your interest as a investor and that you do not have enough information at the moment to know whether you are a creditor. If you wish to have a say in whether there should be a creditors meeting you should take proper advice either individually or collectively rather than rely on what is written here.
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archie
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Post by archie on Apr 3, 2018 8:55:00 GMT
The fact that the FCA is taking court action seeking to replace the Admistrator, and that pending the hearing the Administrator has been stopped from moving money around, might cause you a little concern? If the administrator is replaced then presumably everything starts again anyway. It doesn't cause me any concern.
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michaelc
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Post by michaelc on Apr 3, 2018 9:47:45 GMT
I don't understand why there are one or two folk who are not even lenders that are writing so much on this thread.
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GeorgeT
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Post by GeorgeT on Apr 3, 2018 9:53:48 GMT
I can't help but think there is a bit of a panic going on here. The only "official" communication I have received regarding this incident is the email from COL on the 28/02/18 with the link to the letter from RR. In that letter was a Q&A section, one question of which was "I have lent money via the Collateral platform do I need to do anything", the answer to which was "No. ....." Have I got it wrong? If you are prepared to hang your money on that statement being correct and also the administrators - who are cosy with the collateral bosses - acting in your best interests and not theirs, then do nothing. If you take the view that you have already been seriously misled to your disadvantage by the platform and therefore why would you trust anything that they or their accomplices say in the future, you might wish to register an interest to protect your position. As stated it may well not be necessary but I'm certainly not taking their word for that. There's too much of my money at stake here for them to pull another fast one on me. My advice would be to follow the dual investor approach. That is reserve your rights at this stage. Write to the current administrator by email and post, set out your personal details and confirm that you had money invested through the platform and if you know how much state that and if you don't well you can't but make it very clear that you are an interested party,reserve all your rightsv and will be watching developments like a hawk which has been to Specsavers and wish to be kept updated.etc
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Post by dualinvestor on Apr 3, 2018 10:17:16 GMT
I don't understand why there are one or two folk who are not even lenders that are writing so much on this thread. Is being a lender a requirement to post on a public forum then? EDIT especially given the wider ramifications for the P2P sector
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 3, 2018 10:27:11 GMT
I don't understand why there are one or two folk who are not even lenders that are writing so much on this thread. Is being a lender a requirement to post on a public forum then? EDIT especially given the wider ramifications for the P2P sector Agreed, as long as those contributions are helpful and informative; but not if they are deliberately a catalyst to uncertainty and worry.(not that I'm accusing anyone of that behaviour  ).
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GeorgeT
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Post by GeorgeT on Apr 3, 2018 10:35:08 GMT
I note from the leaked report that they like to use the word tacit or tacitly to indicate silent acceptance of a situation. My concern here is that they told us in the only report we were sent that we did not need to do anything and that we were not creditors. If we do nothing and it turns out we are creditors they could then at a later stage say that we tacitly accepted that we were not creditors. That is why my suggestion is to write a short letter acknowledging receipt of the first report but stating that you reserve all your rights in respect of this matter and if course reconfirm all your personal details - name, address, email address, DOB, telephone numbers etc.
This is not legal advice it is merely my personal suggestion
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blender
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Post by blender on Apr 3, 2018 10:38:02 GMT
This forum is a community of lenders and we tend to take an interest in the options and experiences from platforms we are not with. We discuss loans we are not in and general issues. We have a concern for fellow p2p lenders. The important thing is to let people know your position. But michaelc makes a valid and timely point. End of.
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Post by dualinvestor on Apr 3, 2018 10:46:05 GMT
I note from the leaked report that they like to use the word tacit or tacitly to indicate silent acceptance of a situation. My concern here is that they told us in the only report we were sent that we did not need to do anything and that we were not creditors. If we do nothing and it turns out we are creditors they could then at a later stage say that we tacitly accepted that we were not creditors. That is why my suggestion is to write a short letter acknowledging receipt of the first report but stating that you reserve all your rights in respect of this matter and if course reconfirm all your personal details - name, address, email address, DOB, telephone numbers etc. This is not legal advice it is merely my personal suggestion Why are you going to acknowledge RECEIPT of the report? As far as I am aware the Adminstrator didn't send it to you or even acknowledged that it is genuine, Would it not be better to say, if you intend to communicate with the incumbent Administrator, I have seen a report that purports to be prepared by you pursuant to the Insovency Act........ ?
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GeorgeT
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Post by GeorgeT on Apr 3, 2018 10:53:19 GMT
To be clear, in my post above yours I stated acknowledging receipt of the first report and not the leaked report.
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