Loan 3781

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loanstar

Posts: 136
Likes: 35

Loan 3781 Sept 6, 2014 21:14:56 GMT

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Post by loanstar on Sept 6, 2014 21:14:56 GMT

Hello fellow investors
Loan 3781 has been downgraded and I see that the company has applied for a striking off action that is now suspended. I'm
new to company law, but understand this does not mean the company is unable to pay its debts. Can anyone explain a bit
more about what this may mean. Our friends at FC HQ have supplied very little information and I feel like a mushroom.
Thank you for any information supplied.

blender
Member of DD Central

Posts: 5,719
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Loan 3781 Sept 8, 2014 15:38:30 GMT

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Post by blender on Sept 8, 2014 15:38:30 GMT

Hi Loanstar. Sorry you have not had a reply but in my case it is because I do not know enough about these things and do not hold that loan. If it is a 'credit event' or more specifically if it is a winding up petition it may not be that the borrower cannot pay debts. The debts may be disputed. Or it may be that the borrower has failed to file accounts or pay tax on time. Some loans do come back from these things and some do not. It is never good news when this happens. If it comes back, some of us decide to err on the side of caution.
Now I will ask for someone who has more expertise, other than just playing the FC online game, to reply with better advice.

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