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When TrustBuddy declared bankruptcy on October 19, this was the beginning of an extensive and complex process to investigate several difficult financial and legal issues. This investigation is a priority, and the bankruptcy trustee and bankruptcy team at Advokatfirman Lindahl in Stockholm are working hard to answer all of the questions that have arisen due to the bankruptcy – especially concerning outstanding loans and handling of payments, etc.

As it becomes possible to answer various questions – in relation to TrustBuddy’s lenders and borrowers, as well as its shareholders and employees etc. – the answers and information about the bankruptcy etc. will be posted on the bankruptcy website, in both Swedish and English: www.lindahl.se/trustbuddy. We refer everyone to this page first for answers to all of their questions.

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Trustbuddy had commissioned unlaw- ful loans on their platform by transferring existing loans on the platform to new borrowers without informing the initial lenders. Trustbuddy immediately ceased operations in October 2015, leaving SEK 44 million of the platform users’ money traceless (Lundell, 2015).

TrustBuddy is a unique peer-to-peer company which mediates 30-day loans of up to 10 000 SEK between private parties. As a lender, you can expect a better return than at the bank.
TrustBuddy is the world's largest short-term peer-to-peer company and are active in 6 countries throughout Europe.
Company: TrustBuddy AB
Reg N.:
Established: 2007
Country: Sweden
Profitable: n/a

Currencies

v

Languages

SV

Data

m

Type

Consumer Lending

Secondary Market

No
f

Invest Mode

Preset,

Liquidity

}

Term

AIR

.12

Defaults

.02

Protection


Investors

Personal, Corporate,

Min Invest

€500

Fees

Free

Transfers

i

Agreements

Taxes

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