P2P Money Blog

A firm of insolvency practitioners, Moorfields Advisory Ltd, have offered to review the report of the administrators of Collateral which is due out on the 22nd June, and to answer any questions.  The company have offered to provide this service free of charge to lenders.

 Here is the post from Moorfields Advisory:

Here at Moorfields Advisory Ltd, a firm of Insolvency Practitioners who have experience in advising P2P firms, we have been contacted by MoneyThing and have been discussing internally the difficulties lenders / creditors potentially face following the administration of Collateral UK Ltd. We are advised that the current Administrators, BDO, are proposing to circulate a report on 22 June 2018 and from the posts we have seen to date, creditors will be taking a keen interest in their latest update. We would be willing in the first instance to review the report, then answer questions that might arise as common themes. Therefore, please raise your queries via this thread between 22 June 2018 and 29 June 2018, after which we will be happy to summarise the report and answer those common concerns raised during that period.

We join MoneyThing in expressing our sympathy for the lenders? situation and we hope to be able to provide some practical assistance. We can confirm that we will not charge for conducting this review.

The thread that is mentioned is on the P2P Independent Forum: http://p2pindependentforum.com/post/272588/thread