Post by keitha on Dec 1, 2023 20:21:25 GMT
If you were in this, like me you've probably given up all hope
Defaulted in April 2019, at the end of the Month the PG filed for an IVA
August 2019 the IVA proposal was rejected
February 2020 The Joint Administrators of the borrower company have indicated that they do not expect there to be any return available to the unsecured creditors from the Administration. The situation will continue to be monitored and investors will be updated on any material change in this position. Trustees have been appointed in the Bankruptcy of the Personal Guarantor. Investors will be updated once the Trustees have reported on the level of returns, if any, that may arise from the Bankruptcy.
May 2021 company dissolved following liquidation
November 2023 sold to a third party as part of the Debt sale, an 18.66% return makes me think the Vultures believe that they will be able to get a decent return on the investment of buying of this loan
As the company has gone and the PG is bankrupt, one can only assume they will go after other directors, but you'd have thought that the administrators would've done that
Defaulted in April 2019, at the end of the Month the PG filed for an IVA
August 2019 the IVA proposal was rejected
February 2020 The Joint Administrators of the borrower company have indicated that they do not expect there to be any return available to the unsecured creditors from the Administration. The situation will continue to be monitored and investors will be updated on any material change in this position. Trustees have been appointed in the Bankruptcy of the Personal Guarantor. Investors will be updated once the Trustees have reported on the level of returns, if any, that may arise from the Bankruptcy.
May 2021 company dissolved following liquidation
November 2023 sold to a third party as part of the Debt sale, an 18.66% return makes me think the Vultures believe that they will be able to get a decent return on the investment of buying of this loan
As the company has gone and the PG is bankrupt, one can only assume they will go after other directors, but you'd have thought that the administrators would've done that