Collapsed Estonian peer-to-peer lenders Envestio and Kuetzal have officially been declared bankrupt.
Business registry documents in Estonia show Andres Hermet was appointed as bankruptcy trustee for both companies this month.
The move means investors will have to file claims with the bankruptcy trustee to try to get their money back.
Claims forms can be obtained by emailing [email protected].
Investors raised the alarm on Envestio in January after it seemingly shut down while still holding 33m (27.87m) of lender funds.
Concerns also emerged over who owns Kuetzal and who its borrowers really are.
The Estonian police force has since launched a fraud investigation into the platforms.
Estonian police has started two criminal investi…
Read the full article at: https://www.p2pfinancenews.co.uk/2020/06/10/envestio-and-kuetzal-declared-bankrupt/
