Instant Cash Loans Limited is now in a Scheme of Arrangement. UPDATE 9th June 2021 - The June 2021 Quarterly Update to Creditors report is now available. Please click on the Scheme Documents button below and then click on the Quarterly Report link to review the report. This contains updated information regarding the progress of the ;· We are aware that Instant Cash Loans (“ICL”) entered into a scheme of arrangement on 9 October 2019 before it looks to close down the company. Where there is a creditor and court-approved scheme like this one, customers with complaints will be able to make a …07/05/2021 · A Scheme of Arrangement is a legal device which limits a company’s liability to its creditors. See What is a Scheme? for more details. ICL is using this to limit the amount it has to pay out in refunds on unaffordable lending. The Scheme was approved by creditors in September and by the Court on 8 October 2019. Paying in May & June 202123/01/2020 · Instant Cash Loans Limited, a payday loan company, sought to restructure its debt through a scheme of arrangement with its creditors under Part 26 of the Companies Act. The High Court assessed whether it should sanction the scheme and the judge raised concern about a provision which would force landlords to surrender leases held by the Cash Loans Limited - Financial OmbudsmanMoney Shop, Payday UK Express - Latest Scheme news Weird Letter from Instant Cash Loans — MoneySavingExpert ForumMoney Shop, Payday UK Express - Latest Scheme news 26/08/2019 · Yes, the payday loan companies listed in that letter, all went bust, along with wonga, and a few others. The administrators are realising all the companies assets that still exist, and are to make this pot of money available to past customers who may have had reason to make a …

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