trevor
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Post by trevor on Dec 22, 2022 17:54:17 GMT
Am I reading the latest administrators report correctly? Interim distributions to lenders against 4 DFL ‘s and 7 DFL’s to recommence in the new year.
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Post by brummiefred on Dec 22, 2022 18:39:51 GMT
That's how I read it, and I note that c.1800 lenders of c.10000 lenders had not been verified and / or
provided valid bank details to enable the Joint Administrators to process withdrawals.
EDIT But having read further, it won't be early in the New Year as the Protocol, which cost in excess of £150k, has yet to be drafted, agreed, written and then approved by the Courts!!!
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ilmoro
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'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 Dec 22, 2022 20:52:28 GMT
That's how I read it, and I note that c.1800 lenders of c.10000 lenders had not been verified and / or provided valid bank details to enable the Joint Administrators to process withdrawals. EDIT But having read further, it won't be early in the New Year as the Protocol, which cost in excess of £150k, has yet to be drafted, agreed, written and then approved by the Courts!!! No, not waiting for Court to approve, says distributions will occur once the protocol is agreed amongst parties.
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Greenwood2
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Post by Greenwood2 on Dec 22, 2022 21:47:09 GMT
Which new year.
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merlin99
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Post by merlin99 on Dec 22, 2022 22:20:07 GMT
Could it be as soon as 2030 or am I being too optimistic?
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ilmoro
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'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 Dec 25, 2022 12:53:42 GMT
That's how I read it, and I note that c.1800 lenders of c.10000 lenders had not been verified and / or provided valid bank details to enable the Joint Administrators to process withdrawals. EDIT But having read further, it won't be early in the New Year as the Protocol, which cost in excess of £150k, has yet to be drafted, agreed, written and then approved by the Courts!!! No, not waiting for Court to approve, says distributions will occur once the protocol is agreed amongst parties. First part done
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mickj
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Post by mickj on Dec 25, 2022 20:57:25 GMT
More optimistic view see the LAG facebook page, seems good news to me, fingers crossed an all that.
Good work from the LAG team.
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sl75
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Post by sl75 on Dec 26, 2022 13:43:15 GMT
More optimistic view see the LAG facebook page, seems good news to me, fingers crossed an all that. Good work from the LAG team. As that's a private group only available to people who use facebook, is there a public summary of their view available anywhere?
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michaelc
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Post by michaelc on Dec 26, 2022 17:08:54 GMT
More optimistic view see the LAG facebook page, seems good news to me, fingers crossed an all that. Good work from the LAG team. As that's a private group only available to people who use facebook, is there a public summary of their view available anywhere? DD Central. You don't need FB for that.
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mickj
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Post by mickj on Dec 26, 2022 17:17:29 GMT
As you probally know SL75, LAG had a major wip round, hired solicitor/counsel and have been negotiating with the administrators. An agreement has now been reached and LAG are expecting some payments to be processed in early 2023. I am not a fan of facebook myself but would suggest the LAG page worth joining. www.facebook.com/groups/lendyactiongroupEDIT: Nine page pdf dated 24th December and lots of questions & answers posted 24th, 25th & today. I am sure the 'LAG Update on Directions Hearing - 24.12.2022' will appear elsewhere, mabey in DD Central but I will not attempt a short summery or post in central. |
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