Monetus
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Post by Monetus on May 24, 2019 17:12:10 GMT
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rocky1
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Post by rocky1 on May 24, 2019 17:40:50 GMT
the FCA should now ensure that LIAM BROOKE aka many other things should now rank behind us investors/lenders/mugs as secured creditors. acting as our agents they failed in their duty to usand as they are no longer involved in any recoveries should not profit from any further recoveries of any of this mess.i hope the FCA investigate LIAM/LENDY in microscopic detail and he ends up on his disgraced arse.what about lendy properties ltd are they not included in this farce.
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Garage246
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Post by Garage246 on May 24, 2019 17:47:22 GMT
Personally I hope they find grounds for fraud charges against the director of Lendy and throw the book at him. It will be nothing less than deserved in my opinion. I understand that if prior to administration assets have been stripped out of the company at under par value, then there can be a mechanism to reverse those transactions. Hopefully, if anything untoward has happened within the recent past it will be discovered. Just going to download my portfolios....
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Post by spareapennyor2 on May 24, 2019 17:52:05 GMT
take a look at CH today
moving chairs
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Mucho P2P
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Post by Mucho P2P on May 24, 2019 18:13:58 GMT
These type of unsubstantiated affirmations don't help anyone and certainty don't help your credibility and that of your cause. Was it unsubstantiated? Does this mean that HJ case against Lendy is dead in the water, or are you taking your case to the administrators?
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Garage246
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Post by Garage246 on May 24, 2019 18:38:22 GMT
Does this mean that HJ case against Lendy is dead in the water, or are you taking your case to the administrators? AFAIK administration protects against legal action, so on that basis I think HJ action would be pointless now. Might be some grounds in due course for anyone with Lendy holdings in a SIPP to claim financial compensation from the ombudsman, at least according to my pensions lawyer. But need to get losses crystallised before pressing that button, and the compensation is limited to 80k. He was pretty certain this would be possible if Lendy went tits up.
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cwah
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Post by cwah on May 24, 2019 18:41:38 GMT
When I see how the administrators have made a killing in fees charging £400/h and working for years for collateral....
I'm afraid we may not be able to recover anything anymore...
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jane
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Post by jane on May 24, 2019 18:46:03 GMT
And the provision fund hasn't had the charge removed against it as promised so i guess that's all lost as well.
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Post by greeninvestments on May 24, 2019 18:48:31 GMT
Am I just naive or am I right in thinking that although the administration fees will be high at least it means action will be taken on the loans and that properties will be sold resulting in some realisations? Does anyone know what happens to the high fees Lendy were planning on taking on the loans (e.g. h********** quay) because can't that money be used to pay the administrators?
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rocky1
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Post by rocky1 on May 24, 2019 18:53:11 GMT
all the data is there so the administraters are already on most of our loans anyway. make sure LIAM is sitting in that bloody office to answer any questions on all of these loans.we are well ahead of coll in this regard and the trail is still hot.i think it is the borrowers who will be worried as the administraters should be acting in our interests alone and not the special dealings between LB/LENDY.
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cwah
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Post by cwah on May 24, 2019 19:05:00 GMT
all the data is there so the administraters are already on most of our loans anyway. make sure LIAM is sitting in that bloody office to answer any questions on all of these loans.we are well ahead of coll in this regard and the trail is still hot.i think it is the borrowers who will be worried as the administraters should be acting in our interests alone and not the special dealings between LB/LENDY. Are you sure about this? Look at the recovery for Collateral, most of them are close to 0 because of all the administration fees. At least with Lendy still alive there was a hope to cut administrator cost in order to keep the platform surviving. Now the administrators are just going to drag their legs and rack up as much as they can. They'll probably speed up a bit when they see the amount left won't be able to pay them.
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garfield
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Post by garfield on May 24, 2019 21:55:38 GMT
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