adrianc
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Post by adrianc on Jul 13, 2022 8:49:39 GMT
I must be misunderstanding: if he's bankrupt, how can he own a decent chunk of riverside real estate, have a business, and obviously owns a lot of property? Doesnt he have to sell it all to pay all the people he owes money to? And now we have the answer to that in practice, not just in theory...
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Mousey
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Post by Mousey on Dec 13, 2022 13:47:17 GMT
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 13, 2022 21:19:59 GMT
Fellow P2P Losers Investors, it is well worth your while reading through this entire thread right from the beginning, you will find it ....... enlightening. And shocking. Most have an entire omelette on their face now and have gone VERY quiet. PS: And many from the time have since deleted their postings.
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ilmoro
Member of DD Central
'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 13, 2022 21:56:05 GMT
Fellow P2P Losers Investors, it is well worth your while reading through this entire thread right from the beginning, you will find it ....... enlightening. And shocking. Most have an entire omelette on their face now and have gone VERY quiet. PS: And many from the time have since deleted their postings. Given the first two pages of this thread (which is as far as I got in ensuring I was omelette free) Id be amazed if anyone around here at that time is invested in this loan ... perhaps the bargepoles turned into punting poles later
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p2pfan
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Full-Time Investor
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Post by p2pfan on Dec 13, 2022 22:21:05 GMT
Fellow P2P Losers Investors, it is well worth your while reading through this entire thread right from the beginning, you will find it ....... enlightening. And shocking. Most have an entire omelette on their face now and have gone VERY quiet. PS: And many from the time have since deleted their postings. You're right. The very first post in the thread, after the one announcing the loans, states: "The bathroom rocks! TBH it has got a "Grand Designs" feel about it." It's incredible how naive we investors have been, being swayed by the opulence of the bathrooms and the like. That's why many developers go to huge effort to design fancy CGIs and producing fancy brochures. I used to be a fool in the past and have been taken for a ride by such brochures, but, in recent times, whenever I see "Grand Designs"-style CGIs etc., I'm the opposite, being more weary to lend to the project because I'm fearful that the borrower is not likely to watch their pennies and the project is more of an ego-play than a profit-making one.
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merlin99
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Post by merlin99 on Dec 14, 2022 14:55:48 GMT
My barge pole worked just fine but my wife thought it might be a good punt. Fortunately she baled out early on so no losses on this for us.
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Mousey
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Post by Mousey on May 15, 2023 17:04:49 GMT
LENDY: VALUER "MATERIALLY OVER-VALUED" £4.5M H****** COURT LOANS, COURT PAPERS CLAIM
Details of the claim made by the Joint Administrators' of the failed peer-to-peer finance firm Lendy Ltd against ********** Ltd, a valuation company based in *******, have been revealed, the mouseinthecourt can exclusively report. For a link to a link to my write-up visit here
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oddis
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Post by oddis on May 16, 2023 5:51:12 GMT
Thanks for the report.
Seems like Lendy must have a pretty good case, if you ask me.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 16, 2023 13:08:08 GMT
Will always be my favourite all time P2P loan by far ............ You couldn't see the property for massive, fluttering red flags, and people still bought into it. In fact, people were actually buying into Overdue Loans! Ah, the olden days, when there was a feeding frenzy on biblical scales, and minds were lost in the rush. And the FCA idly stood by, noted it all, and "Regulated"........
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Mousey
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Post by Mousey on Jun 26, 2023 12:13:17 GMT
LITIGATION UPDATE: H*****N C***T VALUER CLAIM
The defendant has been given an extension of time to file their defence.
The document, refuting the claims of Lendy & the other claimants, must now be filed and served by July 13th.
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c88dnf
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Post by c88dnf on Jul 17, 2023 9:53:43 GMT
LITIGATION UPDATE: H*****N C***T VALUER CLAIM The defendant has been given an extension of time to file their defence. The document, refuting the claims of Lendy & the other claimants, must now be filed and served by July 13th. Was the document filed by July 13th and are its contents known?
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ilmoro
Member of DD Central
'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 Jul 17, 2023 10:32:17 GMT
LITIGATION UPDATE: H*****N C***T VALUER CLAIM The defendant has been given an extension of time to file their defence. The document, refuting the claims of Lendy & the other claimants, must now be filed and served by July 13th. Was the document been filed by July 13th and are its contents known? No update yet on public records
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Mousey
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Post by Mousey on Jul 18, 2023 9:37:02 GMT
It's been filed now! I have no plans to grab it atm, if someone wants to spend the £11 and send it to me I'd be grateful
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Post by gramsky on Oct 17, 2023 9:25:12 GMT
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merlin99
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Post by merlin99 on Oct 17, 2023 13:49:52 GMT
Please remind me the auction price asked is £2.5M if achieved how much short will this leave the Lendy lenders? Also does this sale cover both PBL 137 a& 158?
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