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Post by dualinvestor on Sept 5, 2016 12:00:15 GMT
The borrower is meeting with our representative this week to discuss his repayment options. He is considering putting it into auction soon. That was the farm (PBL056). This loan PBL064 was simply "No Change". The question was about PBL 056
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 5, 2016 12:51:10 GMT
That was the farm (PBL056). This loan PBL064 was simply "No Change". The question was about PBL 056 Oh Yeah... missed that  Being in the wrong thread confused me (why easilyparted you no use my index...  )
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dovap
Member of DD Central
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Post by dovap on Sept 5, 2016 13:42:11 GMT
odd the refinance with Barclays seemed nailed on for 056 and now maybe auction - ho hum
the promised re-valuation for the computer workshop/expensive office space rammed full of agricultural financists seems to be taking some time
ah well probably sold by then
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Post by easilyparted on Sept 5, 2016 13:56:11 GMT
The question was about PBL 056 Oh Yeah... missed that Being in the wrong thread confused me (why easilyparted you no use my index... ) Sorreee  Seems as dovap points out, an office choc full of financiers yet no refinance,although they have managed to lend £4m north of the border this year.Makes no sense to me 
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Post by easilyparted on Sept 5, 2016 14:00:06 GMT
The borrower is meeting with our representative this week to discuss his repayment options. He is considering putting it into auction soon. Is that representative from the same lawyers who issued the personal guarantee for the office building.
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Post by harryvederci on Sept 5, 2016 14:07:27 GMT
odd the refinance with Barclays seemed nailed on for 056 and now maybe auction - ho hum the promised re-valuation for the computer workshop/expensive office space rammed full of agricultural financists seems to be taking some time ah well probably sold by then I take it thats a joke dovap! PBL056 I see the Barclays ahem refinancing has run its course. Assume borrower needs to refinance subject to valuation or sell, this property was sold in house between borrowers companies at £655,000. Wouldnt want to be exposed to this one when the music stops.
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Post by easilyparted on Sept 7, 2016 17:17:50 GMT
[Link deleted]
Another crack in the walls of A**** H**** ?
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Balder
Member of DD Central
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Post by Balder on Sept 7, 2016 17:36:18 GMT
[ Link deleted] Another crack in the walls of A**** H****? Where does HMRC sit in the debt priority list?
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adrianc
Member of DD Central
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Post by adrianc on Sept 7, 2016 17:44:29 GMT
[ Link deleted] Another crack in the walls of A**** H****? Where does HMRC sit in the debt priority list? Oooh, somewhere around the absolute top.
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Liz
Member of DD Central
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Post by Liz on Sept 7, 2016 17:47:15 GMT
[ Link deleted] Another crack in the walls of A**** H**** ? Sounds like a Major(oak) problem.
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Post by easilyparted on Sept 7, 2016 17:50:30 GMT
Seems rather serious to me |
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MONEY
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Post by MONEY on Sept 7, 2016 17:55:58 GMT
Where does HMRC sit in the debt priority list? Priority Rankings:- 1. Secured creditors 2. Fixed and floating charges 3. Fixed charge creditors 4. Floating charge creditors 5. Preferential Creditors (Used to be the IR and VAT position prior to 15th September 2003) 6. Unsecured creditors (Including HMRC for deductions for employees through a PAYE Scheme and for VAT) 7. Connected unsecured creditors 8. Shareholders The insolvency practitioner & administrators rank above all else.
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Liz
Member of DD Central
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Post by Liz on Sept 7, 2016 18:00:27 GMT
Priority:- 1. Secured creditors 2. Fixed and floating charges 3. Fixed charge creditors 4. Floating charge creditors 5. Preferential Creditors (Used to be the IR and VAT position prior to 15th September 2003) 6. Unsecured creditors (Including HMRC for deductions for employees through a PAYE Scheme and for VAT) 7. Connected unsecured creditors 8. Shareholders The insolvency practitioner & administrators rank above all else. You missed out Saving Stream, solicitors, estate agents and probably more! That's why lenders, even the secured ones, can be be left penniless! I was in one p2p loan that was secured by over £2m of assets, but nothing was realised after the company was dissolved.
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Post by spareapennyor2 on Sept 7, 2016 18:01:54 GMT
still not seen any movement on SM yet
just had a read of thr farming forum
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Post by harryvederci on Sept 7, 2016 18:03:31 GMT
borrowers co's in financial death spiral
PBL 056/64 wont refinance due to LTV so the redemption exit could only be by sale
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