News

Boston Finance placed in receivership

Thursday 19th of November 2009

At the time of the moratorium in March 2008, 1,300 investors had approximately $38.5 million invested in Boston Finance. Since then, $14.24 million has been repaid to investors equating to a return of 37 cents in the dollar. This includes a distribution of $2.30 million to be made now. 

There are eight loans to be recovered with a book value net of provisions of $15.85 million. A su...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.