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What happens if Trine goes bankrupt?
What happens if Trine goes bankrupt?

This article describes what would happen if Trine goes bankrupt.

Christian Genne avatar
Written by Christian Genne
Updated over 2 months ago

As part of Trine's Business Continuity Planning, and in compliance with the Crowdfunding License, we have a plan in place to address potential insolvency risks. This plan outlines specific triggers that prompt the board to initiate a defined process to protect investors. These triggers are set well in advance of any risk of insolvency, ensuring sufficient time to manage the situation and safeguard investors.

It's important to note that if Trine were to go bankrupt, all investor funds are held in a separate bank account, independent of Trine’s company finances. This means that any funds in your wallet or repayments you receive will remain secure and separate from Trine.

If Trine were to become bankrupt while investors still have loans with outstanding repayments, it would be possible for investors to pursue these repayments themselves. The legal agreement, referred to as the Loan Note Instrument, is between you as an investor and the borrower directly. That means that investors have the legal right to claim any outstanding debt toward a borrower and could in theory pursue litigation in the case where a loan would have delayed repayments or if a borrower breaches any clauses as stated in the Loan Note Instrument. It is also possible to find a third party that would manage the remaining administration of these loans.

It is important to consider that Trine is currently not covered by any deposit guarantee provided by the state.

If you have any questions or concerns, we are here to help. Reach out to us at hello@trine.com.

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