Archive for June 2018

Liquidator of a Company – Do I have Personal exposure?

liquidator of a company

The failure of any company is distressing enough, and all company debts would be dealt within the liquidator’s work. There could be elements of the liquidation that cause personal exposure and put your assets such as your home, car or savings at risk. Personal Guarantees This is an area we specialize in. Personal Guarantees may…

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£54,000 Saving & Burden lifted

£54,000 Saving & Burden lifted

Our client, in this case, was recently a separated, parent of three. They had been struggling for some time with mortgage repayments and made the decision to appoint us at Bell and Company to lift some of the weight off. The client had a crystallised shortfall of £60,000 split between a major high street lender…

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£65,000 Saving & Home Protected

£65,000 Saving and Home Protected

£65,00 saving and home protected Our client, in this case, had been unable to maintain the payments on her mortgage and had developed huge arrears in an extended period of financial difficulty. The property in question was a 2nd property, which was tenanted. Bell & Company upon initial consultation advised the client on a consensual…

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Eviction avoided & £200,000 shortfall settled for 10%

Our clients had found themselves in increasingly distressing circumstances and were due to be evicted from their family home. The bank had given the family 10 days to vacate their home before it was repossessed due to arrears on the mortgage. We have developed a great relationship with this particular lender over our years in…

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Tricky Shortfall of £40,000 settled for £8,000

Tricky Shortfall of £40,000 settled for £8,000

Our client, in this instance, had been with Bell & Company for several years. They had simply invested at the wrong time, just before the property crash of 2008. He owned a problematic buy-to-let property portfolio and had a number of properties now in negative equity. The client’s lender, who are notoriously difficult and reluctant…

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£105,000 saving achieved for family of 4

£105,000 saving achieved for family of 41

When we first were instructed on this client’s case, their family home was up for repossession. This was an extremely vulnerable time for the family unit and they were left with a crystallised shortfall of £115,000. In this instance, the best option for the family was to opt for a consensual sale. When the lender…

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Savings of £12,000 were achieved and assets secured

Savings of £12,000 achieved and assets secured

Liability of £30,000 with a secured asset worth £55,000 sold to ‘vulture fund’, settled for £18,000 A client’s liability was sold to a ‘vulture fund’ and was secured greatly with an asset worth £55,000. Solicitors had been instructed to take possession of the asset before Bell & Company were appointed. We successfully managed to stop legal…

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Savings of £2,810,000 achieved and 40 jobs saved

Savings of £2,810,000 achieved and 40 Jobs saved (1)

Savings of £2,810,000 achieved and 40 jobs saved Company Debt of £3,600,000 which included a Personal Guarantee of £2,000,000 and Personal Borrowings of £400,000 sold to ‘vulture fund’ all settled for £790,000 Our Clients’ company debt along with personal borrowings was sold to a ‘vulture fund’. The Company had 40 employees and operated from a…

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