Important : this article is addressed only to the Lenders of the Project that is subject to a collection procedure. The information contained herein shall not be reproduced, copied, distributed or disclosed to third parties other than your advisers acting in the course of their professional activities or under the conditions provided by law. The dissemination of such information may be detrimental to the lenders of the project as part of a recovery procedure.
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We exchanged with the legal representative on the proper integration of your debts into the liabilities of the company.
Our communication will take place following the end of the observation period.
The company Opti-Mall entered the Safeguard Procedure on the 2nd July 2018. The repayment of July and the following months will not be paid.
The safeguard procedure takes place before the cessation of payments is established. Its purpose is to promote the reorganisation of a firm in difficulty in order to enable it to continue its economic activity, maintain jobs and discharge its liabilities (debts). This type of preventive procedure leads, in principle, to the elaboration of a company safeguard plan.
As a reminder you lent to the Opti-Mall project in December 2017. The company had borrowed €125,000 over 24 months from 638 Lenders to finance the purchase of equipment.
How did the company end up in this situation? The borrower lost 2 major customers who found cheaper suppliers. Another customer is late paying his bills. At the same time, the manager has difficulty attracting new prospects. They chose this class action before they defaulted on their payments.
What are the next steps? A 6-month observation period has just begun. Lendix will declare on behalf of the Lenders their claim with the Judicial Agent. To learn more about the legal recovery consult our tutorials
Summary of the project
| Status of the project | Judicial recovery |
| Length of the project (month) | 24 |
| Number of repayments paid | 5 |
| Number of repayments to be paid | 19 |
| Number of repayments in default | 19 |
| Management of the collection | Lendix |