Mousey
Member of DD Central
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Post by Mousey on Sept 3, 2020 13:28:33 GMT
"This hearing was vacated as directed by Chief Master *****"
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Post by ron on Sept 8, 2020 15:20:11 GMT
"This hearing was vacated as directed by Chief Master *****" thanks Mousey - what does this mean for us in practice?
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Mousey
Member of DD Central
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Post by Mousey on Sept 8, 2020 16:20:54 GMT
"This hearing was vacated as directed by Chief Master *****" thanks Mousey - what does this mean for us in practice? I suspect the matter has been adjourned to a future date so presumably just more delay
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Mousey
Member of DD Central
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Post by Mousey on Sept 10, 2020 9:29:27 GMT
It is my understanding that the CCMC will be listed for one day between Dec 1st and Dec 11th.
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Post by banffy on Sept 10, 2020 19:29:57 GMT
Fed up of this ass holeee he is a wind up merchant pushing his luck another of a person. Well done Mousey for all the hard work.
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markyg61
Member of DD Central
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Post by markyg61 on Dec 10, 2020 15:39:39 GMT
It is my understanding that the CCMC will be listed for one day between Dec 1st and Dec 11th.
Does anyone know if this has taken place yet and if so, what was the outcome ?
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bababill
Member of DD Central
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Post by bababill on Dec 12, 2020 1:52:42 GMT
It was vacated. Future date not yet set.
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sd2
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Post by sd2 on Dec 21, 2020 7:23:21 GMT
Arrrrggggghhhhhhhhhhhhh
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dawn
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Post by dawn on Dec 21, 2020 8:16:57 GMT
Whilst I understand the sentiment (and often feel the same way) could you be more explicit as to what has caused this particular feeling on Monday morning???
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sd2
Member of DD Central
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Post by sd2 on Dec 22, 2020 12:57:03 GMT
Whilst I understand the sentiment (and often feel the same way) could you be more explicit as to what has caused this particular feeling on Monday morning??? Monday morning!!
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Post by banffy on Dec 23, 2020 19:39:42 GMT
Loans outstanding since Oct 2018 and a load of others onwards from this Cowboy when are we likely to see this matter closed or does he keep going to court to delay?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 23, 2020 20:00:37 GMT
Loans outstanding since Oct 2018 and a load of others onwards from this Cowboy when are we likely to see this matter closed or does he keep going to court to delay?
Yes, that's his game, push legal costs up, he has form with this, it's his Modus Operandi seemingly, a real nice individual this piece of work. Hopefully UNB are gonna pull all the wheels off his trolley, push it over a cliff, and he'll get what he SO richly deserves.
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keystone
Member of DD Central
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Post by keystone on Dec 24, 2020 16:02:16 GMT
The problem is it took one small court case loss to put Moneything into administration, and that wasn't even about the loan but rather a dispute about the term "subject to Contract". The problem with all P2P platforms is that they don't have the resources to fight legal disputes. All any borrower has to do in the P2P industry is rack up enough legal costs to force the P2P company to give up and go into administration. Administrators are expensive so even less chance of fighting legal disputes rather than just offering up a settlement at pennies once their own costs have been paid for.
The whole P2P industry is just one big sham.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Dec 27, 2020 9:06:50 GMT
The problem is it took one small court case loss to put Moneything into administration, and that wasn't even about the loan but rather a dispute about the term "subject to Contract". The problem with all P2P platforms is that they don't have the resources to fight legal disputes. All any borrower has to do in the P2P industry is rack up enough legal costs to force the P2P company to give up and go into administration. Administrators are expensive so even less chance of fighting legal disputes rather than just offering up a settlement at pennies once their own costs have been paid for. The whole P2P industry is just one big sham. it is not a sham. if it is why did you place your money there? There are just a few players with inferior resource. Those who have resource need HUGE loan books to sustain economic shocks.
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michaelc
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Post by michaelc on Dec 29, 2020 15:45:41 GMT
The problem is it took one small court case loss to put Moneything into administration, and that wasn't even about the loan but rather a dispute about the term "subject to Contract". The problem with all P2P platforms is that they don't have the resources to fight legal disputes. All any borrower has to do in the P2P industry is rack up enough legal costs to force the P2P company to give up and go into administration. Administrators are expensive so even less chance of fighting legal disputes rather than just offering up a settlement at pennies once their own costs have been paid for. The whole P2P industry is just one big sham. it is not a sham. if it is why did you place your money there? There are just a few players with inferior resource. Those who have resource need HUGE loan books to sustain economic shocks. Perhaps its not always a sham but the model in general has failed. Not just a few players - many platforms have failed and some/many revealing criminal activity in their wake. The problem may be just policing - i.e. the FCA should step up. But I think it may be more than that. Under the current rules platforms don't have to have any skin in the game - indeed most don't. There is a real conflict right there waiting to explode and it is doing. Valuations are also highly problematic but again part of that maybe that they are requested by a platform that doesn't care in the medium term whether the valuation is wrong but does care to win the business of the borrower. Don't invest in p2p is my advice.
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