Despite difficult lender, a 10% settlement can be achieved


A settlement of 10% can still be achieved, even when faced with a difficult lender

A couple with a large shortfall of over £120,000 with a notoriously difficult lender approached us for help. While we had overseen the sale of the property and had been attempting to negotiate with the lender for quite some time, the couple began to consider the option of personal insolvency. Personal Bankruptcy has so many negative connotations associated with it. Bell & Company feel, however, since 2008 the stigma associated with the process has gradually lessened.

Bankruptcy can have benefits and it is an excellent tool when armed with the best advice. Sometimes, if a person is saddled with excessive, unaffordable unsecured debt then Personal Bankruptcy can be the best route forward. Our team was able to utilize innovative new strategies and within a few months, the lender settled at 10%. A massive achievement, as this lender, in particular, is not usually open to negotiations!

If you find yourself facing issues such as insolvency, contact the team here or call 02895 217 373 to discuss your circumstances and take the first steps towards your fresh start in life.

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Your first consultation with us is completely free and you are under no obligation to proceed with us. However, it involves a thorough financial review and a tactical assessment of your various alternatives. We are assured you will leave the meeting with a clear understanding of your options and possible outcomes.

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Bell & Company is not allied to any financial institutions, agencies or outside bodies. This is one of our greatest strengths. It means that, unlike others, we are able to provide impartial advice that is in each client’s best interest and to operate scrupulously on their behalf, free of outside interference.

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