mary
Member of DD Central
Posts: 698 
Likes: 711
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Post by mary on Oct 12, 2018 12:00:30 GMT
Into Administration.
Thats 60% of my exposure to this Platform now in default. Most of my defaulted loans were the “Secured and Insured” type, so really hoping that one or both come to the rescue! No word on that likelihood from ArchOver though.
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Steerpike
Member of DD Central
Posts: 1,961 
Likes: 1,680
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Post by Steerpike on Oct 12, 2018 12:49:41 GMT
Given that this is S&I it wouldn't be surprising if it turned out to be ARC that pulled the plug when the AR balance dropped below target.
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wilja
Posts: 20
Likes: 19
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Post by wilja on Oct 12, 2018 15:33:46 GMT
Be good to get some insight into confidence on recovery or insurance. 2 out of 10 loans in recovery for me.
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Post by timarchover on Oct 17, 2018 16:29:23 GMT
Inf***** Sec***** was a sound and profitable company with an existing overdraft from Bibby. Following the draw down the business suffered from a significant event, and BTG have been sent in to review the situation with the business. Until this review has been finalised I am afraid we are unable provide more information, however we will be informing all affected lenders with more details as soon as we can.
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