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Post by gravitykillz on Mar 8, 2020 9:30:49 GMT
You guys still have hope of a recovery after 4 years ? Vote with your feet and dump fc.
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Post by skooldaze on Mar 10, 2020 14:08:02 GMT
We all have but keen to understand what the prats do next
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Post by skooldaze on Mar 22, 2020 20:14:34 GMT
Still no update.
I guess the FC property are all self isolating and social distancing from this loan
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Post by brightspark on Mar 23, 2020 7:43:56 GMT
If I get one crumb of comfort from this loan is that it caused me to give up on FC and not long after Lendy and Funding Secure at an early stage in their demises. Unfortunately the same cannot be said for Collateral but heigh ho as 14978 shows you cannot win them all.
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mariner
Member of DD Central
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Post by mariner on Mar 27, 2020 15:47:32 GMT
Latest Administrators Progress Report has now been filed at Companies House & will be available for viewing in 5 days time
Usual cr*p probably
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Post by skooldaze on Mar 27, 2020 19:25:23 GMT
So not March but April - the tools can't even update on time.
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mariner
Member of DD Central
Posts: 168
Likes: 338
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Post by mariner on Mar 31, 2020 10:04:59 GMT
Latest Administrators Progress Report has now been filed at Companies House & will be available for viewing in 5 days time Usual cr*p probably Now Available to view
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adrian77
Member of DD Central
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Post by adrian77 on Mar 31, 2020 16:17:31 GMT
had a quick look at the administrators report - to me this is a joke and "milking it" comes to mind - fees drastically up (quelle surprise) another extension prior to next update in months! Expected costs now £483K! This includes admin £175K and legal costs £195K
How the hell did FC allow themselves to get into this mess - at this rate there will be ZERO return -
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Post by danielbird193 on Mar 31, 2020 18:44:10 GMT
Despite the summary judgement against them in the trial held in October 2018, there has been no settlement from the borrower and yet more legal shennanigans to try and get off scot free. Yet more increases to the fees payable to administrator (now up to £175,000) and I note from section 6 of the report that Funding Circle has the unanimous right of approval over the administrator's fees, and any further increases from here. It even says that "No other creditor approval is required" - what a joke! Funding Circle aren't the creditor, we the lenders are!!! It's a complete sham.
Meanwhile the Fat Cats (replace with any other 'C' word you like) sit high up in their ivory tower and get fatter and fatter, lapping up the cream from hardworking lenders like us.
Like many of us, I hoped for more from the high-minded idealists who set up FC. It seems their False Competence has been proved yet again in the continuing saga of this disgusting, sorry little tale.
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rogerthat
Member of DD Central
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Post by rogerthat on Apr 2, 2020 21:03:46 GMT
3 hours ago Mousey said:
Not sure if this means anything to anyone:
Remote hearing via Skype for Business Before HIS HONOUR JUDGE MARK PELLING QC sitting as a Judge of the High Court
Friday 3 April 2020 At 02:00 PM
Application Hearing
CL-2017-000768 Funding Circle Property Finance Limited v. Tuli
The hearing will be available to representatives of the media, on their request, and therefore will be a hearing conducted in public in accordance with CPR PD51Y. It will be organised and conducted using Skype for Business. Any media representative (or any other member of the public) wishing to witness the hearing will need to do so over the internet and provide an email address at which to be sent an appropriate link for access. Please contact comct.listing@justice.gov.uk
beta.companieshouse.gov.uk/company/09132935
Spotted by Mousey @ FS but as soon as I saw the name I knew what it referred to..bugger me that's tomorrow !
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rogerthat
Member of DD Central
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Post by rogerthat on Apr 2, 2020 21:42:56 GMT
Word of caution..ive just mailed the email address in the previous post and got the automated reply below :- Thank you for your email. Please note that pursuant to Practice Direction 51O, it is no longer acceptable to file documents via email. Documents should be filed through Ce-File (the Rolls Building's electronic case management system), although the court will apply discretion in exceptional circumstances. For more information please visit www.gov.uk/guidance/ce-file-system-information-and-support-advice for further help and refer to the 'user guide' and the 'FAQ 's' (frequently asked questions). To register as an E-Filer, click on the 'CE-File System' tab and then 'Register as an E-Filer'. If you wish to only have access to the 'Public Search' and 'Office Copy' functions, click on the 'Public Search' tab and then register as a 'Public Search User'. SKELETON ARGUMENTS: Emails containing Skeleton Arguments MUST be sent to the Skeleton Arguments inbox (CCSkeletonarguments@justice.gov.uk). The Commercial Court Listing inbox is NOT to be used for the lodging of Skeletons. So ive tried but the above is beyond my understanding..im leaving it there
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adrian77
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Post by adrian77 on Apr 3, 2020 9:43:38 GMT
There is an American journalist following such cases - I have tweeted details of this to her and asked if she is going to view it (hopefully already prior arranged) should be interesting!
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rogerthat
Member of DD Central
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Post by rogerthat on Apr 3, 2020 12:07:56 GMT
It can only be watched on Skype for Business (not basic Skype) Good morning, Can I confirm the email address you wish to use is ……………..com. Please note you will need access to skype for business (and not just normal skype) to follow the invitation. You should download this in advance of the start of the hearing. Kind regards, Chloe Wall Clerk to HHJ Mark Pelling QC and the Hon. Mr Justice Stuart-Smith Clerks to HM Judges | HMCTS | Royal Courts of Justice | 7 Rolls Buildings| Fetter Lane | EC4A 1NL Phone: 020 7947 6402 Web: www.gov.uk/hmcts
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iRobot
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Post by iRobot on Apr 3, 2020 12:14:41 GMT
It can only be watched on Skype for Business (not basic Skype..will include a email I got earlier shortly) Link to Microsoft for SfB app download - links within for both windows desktop and other mobile.
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rogerthat
Member of DD Central
Posts: 2,048
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Post by rogerthat on Apr 3, 2020 12:25:53 GMT
It can only be watched on Skype for Business (not basic Skype..will include a email I got earlier shortly) Link to Microsoft for SfB app download - links within for both windows desktop and other mobile. Do you have to M Office 365 ..will it run alone..and is it a free download ?
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