keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Oct 11, 2019 16:31:07 GMT
11 FEB company into administration
16 April Defaulted
30 April Guarantor has put forward IVA
20 August IVA rejected
11 October The Guarantor has been declared bankrupt, therefore we have instructed our panel firm as trustees in this matter.
does this mean that FC had guarantor declared bankrupt ?
Unsecured creditors £1.4 million ! expected return £0 (company )
interestingly company website has come back online recently
I Assume we can pretty much write off the £75K this company owed FC
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Post by shanghaiscouse on Oct 12, 2019 9:33:59 GMT
somebody pursued him, but you can't tell if it was FC or not. Often it is HMRC.
You can certainly write off at least 40% because it has gone bad and they have appointed an outside agency to pursue, and the fees for this agency are covered by the 40%. I guess the employ them on a no win, no fee basis though as they would not want to front the fees to such agencies as no certainty of recovering a single penny.
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