BDO Joint Administrators’ proposals to creditors - June 21

My number's right too.

Quite apart from what looks like a one-by-one manual mailing, they should have given precise instructions in the emails about how/where/when to return signed forms. A fairly basic omission - how much are we paying these guys?

If you are filling a tax return, then there is plenty of time before the deadline. The only reason to file early is if you are due a repayment that you would like to receive. If so, you can include estimated figures, but will still have to file again with known figures before the deadline.

If you are claiming from HMRC as a PAYE taxpayer, then perhaps do as you suggest.

Remember that BDO's current view is that our loans fall foul of section 26 of the Financial Services and Markets Act 2000. As such, anything we have been paid that was called "interest" by COL, may yet be determined not to be interest.

Thanks.  I was wondering why there is no instruction for deadline and where to send the signed form to 

Got mine through and it's absolutely bang on the money. Good work BDO. 

My major questions from the report are:

- How can nearly 500k of capital be missing right from the off? Is this related to the directors allegedly transferring large sums from the client account to themselves in February? 

- Provided the database is recovered, how will funds invested into loans like Bolton and Chesterfield that didn't draw down be treated? Are these funds missing or were potentially allocated to different loans? Would they be treated the same as funds in loans that did drawn down (trust claims) and what would their priority be?

Also still waiting - perhaps that's something we'll need to get used to?

Maybe geographic location?