DFL001 - Exeter Loan 1 - DEFAULT

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ilmoro
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DFL001 - Exeter Loan 1 - DEFAULT Jun 23, 2022 16:47:43 GMT via mobile littleoldlady and df like this

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Post by ilmoro on Jun 23, 2022 16:47:43 GMT

Jun 23, 2022 16:32:48 GMT littleoldlady said:

Jun 23, 2022 15:12:46 GMT TitoPuente said:

DFL001 is a model 1 loan (i.e. not P2P). As of today, all recoveries go to Lendy as Lendy was the lender.

Thanks. So the cash initially goes to Lendy's administrators and I suppose is then paid to Lendy's creditors in the standard order of priority. Where do we fit into the queue?

Unsecured creditors so after, admin, staff/HMRC PAYE but before shareholders

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

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