Mousey
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Post by Mousey on Mar 7, 2022 17:52:08 GMT
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Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
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Post by Mousey on Mar 9, 2022 15:07:25 GMT
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min
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Post by min on Mar 9, 2022 16:25:12 GMT
Sorry Mousey but the link doesn't leas anywhere.
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adrianc
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Member is Online
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Post by adrianc on Mar 9, 2022 16:26:05 GMT
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min
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Post by min on Mar 9, 2022 16:36:00 GMT
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huxs
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Post by huxs on Mar 9, 2022 17:30:32 GMT
So long story short a large court bill that most likely won't get paid to find out that we have an outstanding debt that also won't get paid. Bottom line us lenders will still not see any of our money come back from this ? Is that roughly it ?
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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 Mar 9, 2022 19:39:22 GMT
So long story short a large court bill that most likely won't get paid to find out that we have an outstanding debt that also won't get paid. Bottom line us lenders will still not see any of our money come back from this ? Is that roughly it ? You wont get any interest, no. Youve already had your capital.
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huxs
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Post by huxs on Mar 10, 2022 8:11:29 GMT
So long story short a large court bill that most likely won't get paid to find out that we have an outstanding debt that also won't get paid. Bottom line us lenders will still not see any of our money come back from this ? Is that roughly it ? You wont get any interest, no. Youve already had your capital. ok thanks, to avoid depressing myself too much I try to forget the details. So basically the administrators have gone after someone who cannot afford to pay for hugely inflated default payments and won but still won't get anything, are they putting this much effort into all recover's or just ones that will benefit them most ?
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Mar 10, 2022 12:14:01 GMT
You wont get any interest, no. Youve already had your capital. ok thanks, to avoid depressing myself too much I try to forget the details. So basically the administrators have gone after someone who cannot afford to pay for hugely inflated default payments and won but still won't get anything, are they putting this much effort into all recover's or just ones that will benefit them most ? Will be on a case by case basis where there is a prospect of recovery for lenders, but more importantly Lendy creditors. They have already declined to fund some legal actions against directors advocated by receivers/administrators. One issue is that they pursue a debt and the borrower/guarantor responds with a counter-claim as happened here which they have to defend to prevent a bigger bill. Two other loans currently in that situation
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