POST HOLIDAYS – BACK TO IT AND RECENT SETTLEMENTS
I hope you all enjoyed the extended weekend over 12th July and managed to have some relaxation time. Typically at Bell & Company headquarters we see a slowdown in business for the week with the phones being quiet. This period though gives our advisors in both the Corporate and Resolution teams’ time to work together to present proposals to lenders. As a result we have seen some excellent settlements for our clients.
A client had a debt with an Irish Bank following a failed development project. The outstanding balance was in excess of £750,000 and was settled on a Full & Final Basis for 5%.
The resolution team recently settled two cases with an eminent Building Society in the UK.
Following the sales of Negative Equity properties the outstanding shortfall balance owed was £425,000 and following protracted negotiations this was settled on a Full and Final basis for 12%.
Our advisors continue to work on cases with a variety of lenders and having developed experience and relationships we know the protocols certain Banks work under and what realistically can be achieved. All lenders are different and tailor our advice to suit your circumstances and fully explain the process from beginning to end. Often there will be changes along the way and Banks change their protocol but we constantly adapt to the environment we work in to get the best results for our clients.
Why not arrange a free initial consultation to discuss your circumstances where you will be shown documentary evidence of the results we have achieved. Please call the office on 02890 517 047 and liaise with Karen or John.
Keeping it short and sweet today as we have a busy week here at Bell & Company hq. Please keep in touch via social media.
Terry Bell – Director.