Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | September 25, 2018

Scroll to top

Top

Collateral

Collateral administrator names creditors committee members

September 12, 2018 |

THE MEMBERS of the Collateral creditors committee have now been named by administrator BDO.

Investors were invited to vote for nominees for the committee, which will assist in the wind-up of the collapsed peer-to-peer lender, after 13 people applied for just … Read More

Initial Collateral administrator now facing its own closure

August 31, 2018 |

THE INSOLVENCY firm initially appointed to manage the wind-down of peer-to-peer platform Collateral has fallen into administration itself.

Refresh Recovery – which was appointed as administrator for Collateral in February before being replaced by BDO following an intervention by the Financial Conduct … Read More

FCA to clamp down on platform wind-down plans

July 27, 2018 |

THE FINANCIAL Conduct Authority (FCA) has proposed stringent new measures to protect investors in the event that a platform should go out of business.

The City regulator said in its long-awaited consultation paper on Friday that it plans to “strengthen … Read More

Collateral investors to vote on creditor committee members

July 26, 2018 |

RELENDEX and BondMason executives are on the shortlist to sit on the creditors committee of failed peer-to-peer platform Collateral, ahead of a stakeholder vote.

BDO, which was appointed administrator of Collateral in May, had proposed setting up the creditors committee to … Read More

BDO inundated with requests to join Collateral creditor committee

July 13, 2018 |

COLLATERAL investors and creditors have supported the formation of a committee to assist in the administration of the failed peer-to-peer platform.

BDO, which was appointed administrator of Collateral in May, had proposed setting up the creditors committee if sufficient creditors … Read More

Huddle refinances Collateral loans

July 9, 2018 |

PEER-TO-PEER business lender Huddle has stepped in to refinance some of Collateral’s loans after the platform went into administration earlier this year.

The first Collateral loan to go live on Huddle’s platform was a £80,500 facility secured by way of … Read More

Collateral investors may face a returns shortfall

June 22, 2018 |

THE ADMINISTRATOR dealing with the collapse of peer-to-peer lender Collateral is investigating a discrepancy in the client money accounts as it reveals that there may not be enough funds to repay investors in full.

BDO took over the administration of … Read More

Collateral collapse has far-reaching ramifications

June 21, 2018 |

Frank Wessely, partner at business advisory firm Quantuma, explains why the peer-to-peer lending industry should be thinking more seriously about platform closures in the wake of Collateral’s collapse

The outcome for investors in Collateral loans remains uncertain. BDO will be reporting … Read More

BondMason urges Collateral investors to back administrators

June 14, 2018 |

DIRECT lending specialist BondMason has urged Collateral lenders to support BDO in the administration of the collapsed peer-to-peer lender but insists it is ready to step in on the loanbook if needed.

BondMason had offered to manage the loanbook of … Read More

Collateral investors may have to join queue of creditors

June 12, 2018 |

COLLATERAL investors may end up having to recoup any unpaid interest owed as a creditor of the company, the administrator of the closed peer-to-peer lending platform has revealed.

An update from BDO said its initial view was that due to … Read More