Project update

Dear investors,

We would like to inform you that the orginator has reached the agreement with the defaulted debtee and a payment plan was established to fully repay the principal of the loan until 2024.05.30 (inclusive). Starting from today principal payments through this period will be processed and 800 EUR principal of the loan was repaid today. The interest will be settled upon the period of full principal repayment.

Update from the originator: 

After months of trying to move forward with the recovery process, the case was finally transferred to the bailiff for compulsory enforcement.

The originator is waiting for further updates on this process, and as soon as new information comes up, the investors will be informed

Update from the originator:

Lietkabelis basketball club has won 2nd place in the championship and is about to receive extra funds from Lithuania’s basketball federation as well as the European one. The debt portfolio is in the process of being approved by the court decision and will be transferred to the bailiff for forced recovery. The extra cost of recovery will be refunded by the BC Lietkabelis with a new court order.

Because Debtprofilers experienced technical issues EvoEstate was able to settle interest payouts with the borrower directly.

Update from the originator: The Lietkabelis project has taken longer as the attorney of the club has rejected the demand in court, but the court hearing has reached the final stage and after will be put to the bailiff to execute the recovery plus all of the expenses covered by the debtor.

Update from the originator:

A new document has been added to the Documents section.