duck
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Post by duck on Mar 18, 2022 16:11:18 GMT
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agent69
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Post by agent69 on Mar 18, 2022 16:51:05 GMT
So to summarise:
All the loans in my SIPP are in default and it's everyone elses fault but mine?
Regarding the complaint of 25% deduction from recoveries, does this mean it could be TC (BLN)
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eeyore
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Post by eeyore on Mar 18, 2022 17:14:32 GMT
No, the timelines don't match for MT. Although MT did go into wind-down in November 2019, the same as the P2P "Firm X", MT entered administration on 10 December 2020 whereas "Firm X" went into administration in April 2021. As suggested by agent69 , "Firm X" looks a better match with ThinCats/BLN which entered administration on 15 April 2021 having started wind-up at the same time as MT. PS: I don't think much of the Complaints Commissioner's attention to detail - there are too many grammatical errors and the ambiguities inherent in using "you" and "me" in the text without any clarification signify, to me, someone who is dashing off this judgement. To whom should complaints about the Complaints Commissioner be addressed?
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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 Mar 18, 2022 22:05:56 GMT
yes, definately Thincats ... the 25% is the giveaway
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duck
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Post by duck on Mar 19, 2022 3:05:17 GMT
yes, definately Thincats ... the 25% is the giveaway Thanks. I have never invested in TC and don't know the details, I stand corrected. Anyway my point of posting was to highlight that (as we have known for some time) winding down plans are worthless, calling in administrators will always trump the wind down plan. Investors will not find any official backing wrt winding down plans not being followed through. Ironically the FCA made a big fuss about wind down plans and strengthened the requirements earlier this month.
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shimself
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Post by shimself on Mar 21, 2022 16:53:34 GMT
To whom should complaints about the Complaints Commissioner be addressed? Quis
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duck
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Post by duck on Mar 24, 2022 17:06:46 GMT
..... To whom should complaints about the Complaints Commissioner be addressed? There is nobody you can complain to when you have reached the FRCC ........... and even if she does rule in your favour the FCA can reject the ruling as has happened again recently wrt her final report into LC&F.FCA response here.
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johni
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Post by johni on Jun 1, 2022 21:54:38 GMT
New court update on site
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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 Jun 1, 2022 22:52:54 GMT
You sure? The update seems to relate to CS loans and a slightly deferred repayment. Court stuff is finished, its the negotiating phase between Moorfields & the CA
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johni
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Post by johni on Jun 2, 2022 8:28:49 GMT
You sure? The update seems to relate to CS loans and a slightly deferred repayment. Court stuff is finished, its the negotiating phase between Moorfields & the CA Sorry only skimmed you are correct.
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Post by webbski9 on Jun 30, 2022 19:25:56 GMT
Where are we with Moneything ? Is there a tab detailing this sorry mess 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 Jun 30, 2022 19:27:51 GMT
Where are we with Moneything ? Is there a tab detailing this sorry mess please Same place as we are with Lendy ... waiting for the fee question to be resolved
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Post by webbski9 on Jul 1, 2022 8:21:01 GMT
Thank you kind Sir. Have any properties been sold ?
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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 1, 2022 10:17:30 GMT
Thank you kind Sir. Have any properties been sold ? Nothing beyond what has been communicated in updates - Plymouth, Bradford, Scotland, Putney - all have sums awaiting distribution.
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dh1
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Post by dh1 on Jul 4, 2022 16:27:08 GMT
The administrators have just published a letter to lenders - logon to the platform to see it. Costs/fees, etc have been set and it is intended to start some distributions shortly. The letter is probably essential reading! It is.
"The Administrators of MCL are pleased to report that now the charging structure has been formalised they can issue distributions on a number of loans and can continue to pursue recovery of the remaining loans for the benefit of lenders. Lenders of loans where distributions are possible will shortly receive a further update specific to those loans. Distributions to be made from 19 July 2022 onwards."
Hooray?
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