What was the outcome of the Sanction Meeting?
Amigo announces that the High Court has not approved the Scheme despite the overwhelmingly positive creditors' vote. A copy of the Judgment can be found here. A further update will be provided at the earliest opportunity.
What happens to my current loan?
You must still continue to make your monthly repayments, in line with your Amigo agreement.
What is going to happen with my current complaint?
To ensure equal treatment of customers with redress claims, Amigo announced on 21 December 2020 that it was stopping the ongoing payment of redress claims as set out in the announcement of that date, and that position will continue.
Is Amigo going to propose another Scheme?
We're currently reviewing all options and a further update will be provided at the earliest opportunity.