LC A and LNL Seek Bankruptcy

By SL Hak

Lindsay Druart the CEO of L&L Financial Services (LNL) and Acting CEO of L&L Credit Agency (LCA) has announced that both companies will seek bankruptcy and that operations will cease. LCA were already the subject of a trading halt due to the disappearance of Sully Okelly.

Lindsay has announced that she will be requiring a de-listing no later than the 31^st May and that no further information will be discussed until after she has posted updates on her blog. Lindsay has pointed out that the bankruptcy does not effect her real life corporation or L&L Rental & Sales (LLL) which de-listed from WSE earlier this year.

Lindsay Druart is often an outspoken member of the SL financial markets was once on the Board of Directors of Capex, her tone is stern and it does not appear that she wishes to find a compromise. It is also unclear at this stage whether L&L Bank and Trust Liquidation Fund is affected, but it is likely that there will be significant losses to both shareholders and previous depositors and L&L Bank.

If you have any news on LNL/LCA or Lindsay Druart please IM or e-mail Hak on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Comments

Add New Search RSS

Kailen Juran - Minor correction     | 2008-05-14 13:18:42 From my understanding of Ms. Druart's messages on the SL Capex forums, only LCA is declaring bankrupcy. LNL is mere closing operations while still solvent. It's splitting hairs, but it might mean that any liquidation of LNL will have value, while LCA shareholders might not be so fortunate. Quote 0   1

Write comment
Name:
Email:(not published)	do not notifynotify
Website:
Title:
UBBCode:	-color-aquablackbluefuchsiagraygreenlimemaroonnavyolivepurpleredsilvertealwhiteyellow -size-tinysmallmediumlargehuge
	Please input the anti-spam code that you can read in the image.

Powered by !JoomlaComment 3.12

Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.