TitoPuente
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Post by TitoPuente on Jun 8, 2019 18:59:05 GMT
Is it absolutely confirmed that the claim for this has to be dropped? Would HJ have to stop a claim just because the company is in administration? "When a company in the UK is in administration, a statutory moratorium will automatically apply, and no legal process may be commenced or continued against the company without the consent of the administrator, or the permission of the court. The moratorium is designed to provide breathing space, allowing the insolvency practitioner (IP) to focus on achieving the purposes of the administration". www.thegazette.co.uk/all-notices/content/100795
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TitoPuente
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Post by TitoPuente on Jun 7, 2019 6:57:48 GMT
You can check what loans are behind schedule by clicking on Next payment date. Not for these loans - ablrate have separately confirmed that interest has been received, but the platform hasn't updated (hence the need for the fix) There are 6 months of interest that were not received and will not be received because, according to the restructuring agreement, they will be capitalised.
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TitoPuente
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Post by TitoPuente on Jun 6, 2019 21:01:07 GMT
Silly question- are these loans pay interest or not? Easier to ask here then to delve into each loan particulars You can check what loans are behind schedule by clicking on Next payment date.
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TitoPuente
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Post by TitoPuente on Jun 6, 2019 17:37:12 GMT
Scheduled to repay on the 16th. An update would be welcomed.
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TitoPuente
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Post by TitoPuente on Jun 6, 2019 7:59:17 GMT
And, of course, the "new terms" loan book has gone to a separate manager, as per the pre-agreed run-off plan. What do you mean by "separate manager"? The companies have gone into good old Administration. There is no official indication that there is anything else going on let alone a different process for a given set of loans.
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TitoPuente
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Post by TitoPuente on May 30, 2019 16:42:55 GMT
This is the right course of action and I also think that the politicians/local MPs should be approached to get their support. Support for what ?. There is no evidence that anything other than bad management! ! If you read with attention the story of DFL005 you will start to doubt that this is a case of just "bad management". Add the following to that. p2pindependentforum.com/post/330619/thread
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TitoPuente
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Post by TitoPuente on May 29, 2019 16:28:10 GMT
Statutory eight weeks.
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TitoPuente
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Post by TitoPuente on May 24, 2019 17:06:53 GMT
Anyone made contact with Lendy today or had any funds received for deposits/withdrawals? Got funds in account within 3 days this week.
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TitoPuente
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Post by TitoPuente on May 23, 2019 20:34:59 GMT
Does anyone else feel like the interim payment on DFL012 is now not going to happen? This feels like a pre cursor to collapse. I could use some reassuring words, the timing is ridiculous. The trading suspension is not related to DFL012. These type of unsubstantiated affirmations don't help anyone and certainty don't help your credibility and that of your cause.
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TitoPuente
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Post by TitoPuente on May 16, 2019 12:25:59 GMT
If monthly interests are capitalised it should be 7.207% assuming monthly interests as 14% / 12
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TitoPuente
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Post by TitoPuente on May 15, 2019 21:35:32 GMT
In the article the use of "investors" is fuzzy and mixed-up to say the least. It seems the term is used for both off-plan purchasers and Lendy lenders (us) throughout the text.
The Lendy appointed administrators seem to be positive about the final outcome. It would be logical to think that if the Lendy appointed administrators are positive, the deal should be positive for Lendy. However, given the current overall context, being logical does not guarantee being right.
The outcome for us is still to be revealed. However, if there is a happy ending for everyone (off-plan purchasers, borrower, administrators, Lendy Ltd) but not for us lenders, it would be a big disappointment.
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TitoPuente
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Post by TitoPuente on Apr 15, 2019 19:58:38 GMT
Positive amount received in my account today! Could you kindly tell which loan?
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TitoPuente
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Post by TitoPuente on Apr 15, 2019 19:52:19 GMT
Is it terribly illegal for someone to kindly post the loan numbers that have new portals?
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TitoPuente
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Post by TitoPuente on Apr 9, 2019 20:09:55 GMT
How many court errors have happened in the long history of this case? The justice record is quite appalling.
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TitoPuente
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Post by TitoPuente on Apr 5, 2019 7:16:57 GMT
"Funding Circle SME Income Fund said it will ask shareholders to approve the wind down of the company following consultations with two thirds of them. The fund added that the wind down would involve the portfolio being "realised and not reinvested". FTSE 250-listed Funding Circle Holdings said it supports the announcement made by Funding Circle SME Income Fund, which holds loans made by Funding Circle Holdiings. In addition, Funding Circle Holdings confirmed that financial guidance for 2019 it provided at its full-year results remains unchanged. "A global income fund providing access to a diversified portfolio of Funding Circle small business loans was the right strategy for investors and Funding Circle in 2015. However, there are now more appropriate and varied ways for investors to participate on the platform. We're pleased to soon introduce two new investor products to the UK market. They will further expand the universe of investors that can access loans on our platform and continue to diversify our sources of funding, in line with the strategy we set out at IPO," Funding Circle Holdings CEO Samir Desai said. " www.ii.co.uk/stock-market-news
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