ALL Scheme Ltd is proposing a Scheme of Arrangement ("Scheme") with its creditors. The Scheme will allow all current and past customers (both borrowers and guarantors) of Amigo Loans Ltd to make a claim if they have a complaint about an Amigo loan made between 28 January 2005 and before 21 December 2020. We strongly encourage you to promptly read the Practice Statement Letter which can be accessed directly below. The Practice Statement Letter provides details about the process at this stage.
What happens next?
On 30 March 2021, we intend to ask the High Court for permission to hold a creditor meeting likely, in late April 2021. If the High Court approves our request, you will be able to attend the meeting and vote on the scheme if you think you've a claim. We will publish more information explaining how to attend the meeting and vote on the proposed Scheme, probably at the beginning of April. As a first step, we encourage you to please read the Practice Statement Letter which can be accessed below.