agent69
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Post by agent69 on Jul 9, 2021 10:32:54 GMT
The 4 loans which were disposed of during the period went for about 60% loan amount. Ominously, there is a note regarding the remaining 5 loans that says they are difficult to shift and that will be reflected in the monies recovered.
Can't wait for the next update in 12 months time.
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duck
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Post by duck on Jul 9, 2021 10:33:02 GMT
....I know others have had similar but do I report this or is it the case this money is held in the client account . Report it. I am reliably informed that there are some 'issues' with the client account .......
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duck
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Post by duck on Jul 9, 2021 10:35:07 GMT
.... Ominously, there is a note regarding the remaining 5 loans that says they are difficult to shift and that will be reflected in the monies recovered.
....
As I have said the Bol..n loan is the one where the big losses will be made ..... and that just happens to be the biggest loan.
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travolta
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Post by travolta on Jul 9, 2021 16:19:07 GMT
..another 'rabbit caught in the headlights moment'...
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jcb208
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Post by jcb208 on Jul 9, 2021 17:02:41 GMT
.... Ominously, there is a note regarding the remaining 5 loans that says they are difficult to shift and that will be reflected in the monies recovered.
....
As I have said the Bol..n loan is the one where the big losses will be made ..... and that just happens to be the biggest loan. And mine,cant remember now was that in different tiers as I would of only invested in the first being so careful NOT
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duck
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Post by duck on Jul 9, 2021 17:08:04 GMT
As I have said the Bol..n loan is the one where the big losses will be made ..... and that just happens to be the biggest loan. And mine,cant remember now was that in different tiers as I would of only invested in the first being so careful NOT Yes there were several tranches BL00026 was the top level loan.
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agent69
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Post by agent69 on Jul 9, 2021 17:53:00 GMT
And mine,cant remember now was that in different tiers as I would of only invested in the first being so careful NOT Yes there were several tranches BL00026 was the top level loan. All my Notlob investments were in 26, but I'm not confident of a meaningful return. I suspect all the development tranches (15 or so?) will get wiped out.
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p2pmark
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Post by p2pmark on Jul 9, 2021 19:12:26 GMT
Yes there were several tranches BL00026 was the top level loan. All my Notlob investments were in 26, but I'm not confident of a meaningful return. I suspect all the development tranches (15 or so?) will get wiped out. Do we know if they're respecting the seniority of the different tranches?
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hazellend
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Post by hazellend on Jul 9, 2021 19:27:11 GMT
All my Notlob investments were in 26, but I'm not confident of a meaningful return. I suspect all the development tranches (15 or so?) will get wiped out. Do we know if they're respecting the seniority of the different tranches? It would be indefensible to do anything else given the other tranches were second charge and higher interest rates.
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jcb208
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Post by jcb208 on Jul 9, 2021 19:44:44 GMT
I remember now mine was only in 26 so at least I might get a few pound back unless its given away, no hope for the later tranches
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james21
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Post by james21 on Jul 10, 2021 12:08:25 GMT
had a read of it; couldnt see anything about paying any interim amounts to lenders, anyone know the situation please?
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ilmoro
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'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 10, 2021 12:25:36 GMT
had a read of it; couldnt see anything about paying any interim amounts to lenders, anyone know the situation please? They are going to court to get permission to set a deadline for any claims over trust assets. Assuming the court agrees then interim payments will be possible after that deadline but nothing until then. So we wait some more
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jcb208
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Post by jcb208 on Sept 27, 2021 17:44:08 GMT
This is dragging on so long I am so much older I forget lol.When are BDO going to start paying out and the next admin report due.Thanks
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ilmoro
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'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 Sept 27, 2021 18:35:36 GMT
This is dragging on so long I am so much older I forget lol.When are BDO going to start paying out and the next admin report due. Thanks Once they have directions from the court regarding setting a cutoff date for challenges to the reconciliation of the loanbook Next liquidation report - July next year
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jcb208
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Post by jcb208 on Sept 28, 2021 7:05:07 GMT
Not for ages yet then,cant believe how long this is taking
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