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Post by dualinvestor on Mar 3, 2018 10:47:12 GMT
I had a 5 figure sun in COL. For tax return do I report the full amount as a total loss? By the time January 31 comes around you will have a much clearer picture of your loss, if any. But even if the deadline was soon you shouldn't a's the Administrator (perhaps optimistically) is predicting a full recovery
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oik
Member of DD Central
Posts: 254
Likes: 349
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Post by oik on Mar 3, 2018 13:15:16 GMT
Shutting COL down can’t be the right course of action, can it? And does this mean Lendy could also be forced into administration very soon? It’s nigh on impossible to get money out of Lendy, so where does that leave us. I’m really worried about all this. I was able to accept the Lending risk but it seems the greater risk for a total loss comes from the FCA shutting down all the platforms. Ironic since the FCA is supposed to be there to protect us in some way, not financially ruin us. The duty of the FCA is to protect future investors not just existing investors. The obvious example is with a suspected ponzi scheme where it might benefit existing investors to allow it to continue but only at the expense of future investors. Hard decisions have to be made.
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Post by dualinvestor on Mar 4, 2018 10:14:08 GMT
I would remind posters that this is public board available for anyone to read, including Collateral borrowers, so speculation here on whether they might pay or scheme's for them to avoid payment is not likely to assist the Administrator in collecting YOUR debts.
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iren
Member of DD Central
Posts: 302
Likes: 300
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Post by iren on Mar 5, 2018 18:38:05 GMT
Latest updates that I noted on my spreadsheet re loans that I hold:
The following loans were already set to be redeemed, and hopefully all will be closed with full interest paid in the near future:
BL00018/BL00047, 3,5,7,9,15 P* W*: 160218 “Sale is expected to complete this month”
BL00035, Freehold of Block C C* H*: 07/02/18 “Sale is progressing”
BL00038/BL00040, 39 and 67 O* A*: 07/02/18 To repay “imminently”.
BL00046, B* H*: 07/02/18 “This loan will be redeeming and should be complete by the end of February”
The following loans were already set to be extended:
BL00061/BL00063/BL00069/BL00070, A* P*: 23/02/18 “3 Month extension from 4 March”.
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