Morses club claims

leemo72

Good afternoon, I'm hoping someone knows what actually happened with this scheme. I was told to expect some money in September this year but the scheme has all but disappeared, neither the phone number or portal works. There is a page full of information but I do not understand it, as far as I knew it was all sorted last year, can anyone help me please as I've searched online but to no avail, thanks

sourcrates

Update here:

Morses administration - what is happening to loans · Debt Camel

For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.

ManyWays

sourcrates said:

Update here:

Morses administration - what is happening to loans · Debt Camel

For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.

A lot less than 9p in the £ according to that link which says the Scheme has failed and "Any distribution is expected to be less than 0.9p in the £" 

sourcrates

ManyWays said:

sourcrates said:

Update here:

Morses administration - what is happening to loans · Debt Camel

For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.

A lot less than 9p in the £ according to that link which says the Scheme has failed and "Any distribution is expected to be less than 0.9p in the £" 

@ManyWays. If you look at the next paragraph down, there is a more recent update from June 24.

Chassis71

Are there any other avenues you can go down to claim as my claim is for just over £6600?

Nasqueron

Chassis71 said:

Are there any other avenues you can go down to claim as my claim is for just over £6600?

No - it will be the same as Amigo - you get 9p in the £1 at the moment - you can't get blood out of a stone

ManyWays

The debt camel post says "the average distribution to be made to valid scheme claimants to be circa £9.28 "

That is not 9.28%, it is the tiny amount that will be paid out. 

thetruth1nothingbut

I spoke to Ed the lead administrator today and his assistant Jessie , everyone is still getting the money they owed, they saying it will be early next year. It's at court and it's a slow process. Just Google the names of the administrators, all their details can be found online and contact them yourself for reassurance 

troymurphy1982

thetruth1nothingbut said:

I spoke to Ed the lead administrator today and his assistant Jessie , everyone is still getting the money they owed, they saying it will be early next year. It's at court and it's a slow process. Just Google the names of the administrators, all their details can be found online and contact them yourself for reassurance 

Hopefully this is true

sourcrates

Unfortunately the payment, if any, will be £9.28p in total, to each valid claimant.

Morses administration - what is happening to loans & refunds · Debt Camel

As explained in previous posts.

lauram999

Any news on this?