Archive for July 2017

Try consultancy before insolvency, advise Bell & Company debt strategists

For immediate release 19 July 2017 Try consultancy before insolvency, advise Bell & Company debt strategists Following the shocking news that insolvencies for businesses are up 13% in the first half of 2017[1], Northern Irish-based debt strategists Bell & Company have advised companies to try a consultancy approach before they consider a formal insolvency route.…

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Will I lose my job if I go bankrupt?

bankruptcy will i lose my job

Will I lose my job if I go bankrupt?   Declaring bankruptcy is not an easy step, but unfortunately, the stress of taking such a step doesn’t end when the papers are filed and the court grants your petition. Going bankrupt could have a substantial impact on your work, your home, and if you run…

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Unaffordable Negative Equity Property

Unaffordable Negative Equity Mortgage

Like many since the financial crash, our client came to us in a position where they could no longer manage to repay their mortgage due to the continuing and difficult financial situation they were in. With an outstanding balance of £120,000 on the mortgage, the property was found to be in severe negative equity after…

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‘Low’ Mortgage Shortfall Settlement

low mortgage shortfall settlement

Our Client had an outstanding mortgage shortfall of £13,000 and needed to break free from their debt to move on with their life. Many lenders consider lower outstanding debts such as this to be deemed as ‘affordable’ over someone’s lifetime. In such a case, the lower level of crystallised debt could provoke the Lender consider…

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A Guide to Director’s Personal Guarantees

A Guide to Director’s Personal Guarantees

A Guide to Director’s Personal Guarantees What is a personal guarantee? Why would I need one? At the height of the business boom, banks were often very happy to provide loans to companies. They often required the directors of these businesses to sign an agreement, stating that in case of the company being unable to…

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Insolvency – What to do when the worst happens

Insolvency - What to do when the worst happens

Insolvency – What to do when the worst happens: If your business is facing insolvency, it can seem like there’s no way out. You may be kept up by anxiety over what’s going to happen to you, your staff, your professional reputation and your assets. Although the stress might be overwhelming, you have time to…

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