adrianc
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Post by adrianc on Oct 16, 2021 15:04:51 GMT
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Mousey
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Post by Mousey on Nov 22, 2021 20:49:17 GMT
I understand the borrower (ie the daughter) is attending a County Court in Central London tomorrow to provide details about her finances in connection with this matter.
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tommytaylor
P2P - The new wild west
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Post by tommytaylor on Aug 28, 2022 8:03:19 GMT
Anyone have any ideas if we will be receiving any more payments from this shambles or are we done and dusted
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 28, 2022 9:07:32 GMT
Anyone have any ideas if we will be receiving any more payments from this shambles or are we done and dusted Still the Lendy entitlement to be distributed. They remain active loans for recoveries in the latest admin report though no indication where those recovery efforts are targetted
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Mousey
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Post by Mousey on Dec 16, 2022 18:13:59 GMT
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Post by GSV3MIaC on Dec 16, 2022 20:51:06 GMT
@mousey .. Are you talking London loan, or the chalet and marina, or both?
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Mousey
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Post by Mousey on Dec 16, 2022 21:42:30 GMT
@mousey .. Are you talking London loan, or the chalet and marina, or both? Ermmm all four 
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quidco
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Post by quidco on Dec 17, 2022 8:53:30 GMT
@mousey .. Are you talking London loan, or the chalet and marina, or both? Ermmm all four Why would a valuer misvalue a property? Or is it just a claim of professional incompetence?
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Post by overthehill on Dec 17, 2022 10:02:36 GMT
Ermmm all four Why would a valuer misvalue a property? Or is it just a claim of professional incompetence?
incompetence, value based fees, positive market projection, back hander, client retention, systemic fraud.
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quidco
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Post by quidco on Dec 17, 2022 13:17:50 GMT
Why would a valuer misvalue a property? Or is it just a claim of professional incompetence?
incompetence, value based fees, positive market projection, back hander, client retention, systemic fraud.
right, all of the above
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Post by gaza77 on Feb 6, 2023 17:35:34 GMT
Not sure if I am doing something wrong but I can’t seem to access the link. Does this action delay our additional payment(s)? Will it require that we risk more of our own money? Could it lead to getting additional money on top of the sale of HR minus costs?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 6, 2023 18:24:18 GMT
Not sure if I am doing something wrong but I can’t seem to access the link. Does this action delay our additional payment(s)? Will it require that we risk more of our own money? Could it lead to getting additional money on top of the sale of HR minus costs? The linked post is in the DD section which you need to request access to (see here) No. Nothing additional but there are potential costs if it is unsuccessful which will likely come from retained funds reducing any potential further return of retained funds. Yes as proceeds from third party claims provisionally go to lenders under the agreement on the outstanding issues.
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Post by gaza77 on Mar 31, 2023 18:23:44 GMT
Hi, can anyone put me out of my misery as I have become very confused by what we are and are not entitled to.
I had assumed that after the LAG won the court case last year we would be entitled to the ‘Lendy Contractual Entitlement’ as per the spreadsheet created by MP. This would mean getting a similar amount to the first payout. ->I did think that it was immoral that Lendy were making interest on our money after they went into Admin!
Is this not the case? Can we expect absolutely no more money from DFL017? If not, what was the point of the court case?
Also if we aren’t getting any more money can we get a statement to that fact for closure, especially for tax purposes.
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Post by martin44 on Apr 2, 2023 22:19:31 GMT
Hi, can anyone put me out of my misery as I have become very confused by what we are and are not entitled to. I had assumed that after the LAG won the court case last year we would be entitled to the ‘Lendy Contractual Entitlement’ as per the spreadsheet created by MP. This would mean getting a similar amount to the first payout. ->I did think that it was immoral that Lendy were making interest on our money after they went into Admin! Is this not the case? Can we expect absolutely no more money from DFL017? If not, what was the point of the court case? Also if we aren’t getting any more money can we get a statement to that fact for closure, especially for tax purposes.from my understanding, and my actions, im not rushing to declare the whole thing a loss yet, as lendy pay back, im then declaring on my SA "a loss" year on year.. so where i make a profit elsewhere, i am detailing the losses against those profits and getting relief... if i was to declare the whole thing as a loss in one tax year (~35k for me) which as i understand from my reading it can be declared as a total loss after 12 months in admin. but why write it all of in one year, when it can be spread over multiple years and gain more relief..... im more than happy to be corrected.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 2, 2023 22:45:00 GMT
Hi, can anyone put me out of my misery as I have become very confused by what we are and are not entitled to. I had assumed that after the LAG won the court case last year we would be entitled to the ‘Lendy Contractual Entitlement’ as per the spreadsheet created by MP. This would mean getting a similar amount to the first payout. ->I did think that it was immoral that Lendy were making interest on our money after they went into Admin! Is this not the case? Can we expect absolutely no more money from DFL017? If not, what was the point of the court case? Also if we aren’t getting any more money can we get a statement to that fact for closure, especially for tax purposes.from my understanding, and my actions, im not rushing to declare the whole thing a loss yet, as lendy pay back, im then declaring on my SA "a loss" year on year.. so where i make a profit elsewhere, i am detailing the losses against those profits and getting relief... if i was to declare the whole thing as a loss in one tax year (~35k for me) which as i understand from my reading it can be declared as a total loss after 12 months in admin. but why write it all of in one year, when it can be spread over multiple years and gain more relief..... im more than happy to be corrected. Losses cannot be declared due to Lendy being in administration ... administration of the platform is not a qualifying criteria for relief. Losses can be claimed when the platform declares the loan as irrecoverable, which Lendy hasnt done. Alternatively lenders can self determine loans as eligible when the loan is in formal legal recovery ie administration, receivers, bankruptcy. Loans to Lendy (M1) do not qualify for loss relief against income, and loans that are in default, but not legal recovery, may also not qualify. The administrators have stated in their reports where loans wont have further recoveries which could be considered as qualifying them for relief under the first criteria, though there may be distributions of funds recovered but retained. Length of time in recovery is irrelevant. I suspect you have to declare loans in the year they become eligible ... you can carry losses forward if you have insufficient P2P income to offset in a year for up to 4 years but I doubt you can claim a loan in a different financial year to when it became eligible. eg for DFL017 it could be claimed in 2017-18 tax year when it entered legal recovery, or it could be claimed when the platform writes it off which has yet to happen due to ongoing recoveries
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