SUCCESS STORIES

Corporate & Business Turnaround successes

Settlement of £78,000 on a £1.2 million liability – Savings of £1,122,000

By Bell & Company | November 16, 2017

In November 2017 we helped a client out of a huge Crystallised Shortfall   A farming client previously held a large property portfolio which was sold, leaving a crystallised balance of £1,200,000.   The Bank was pursuing the balance and commenced legal proceedings to recover the amount.   On appointment, Bell & Company initiated meetings with the…

Personal Guarantee exposure, 97 jobs saved and savings of £560,000

By Bell & Company | November 16, 2017

In October 2017, Bell & Company assisted a multi-site Northern Ireland business with Personal Guarantee exposure.   The clients instructed Bell & Company regarding their Personal Guarantee Exposure of £200,000 and potentiality loss of the company properties to a Fixed Charge Receiver.   The closure of the company would result in 97 employees losing their jobs…

Commercial Settlement at 25%

By Bell & Company | April 19, 2017

Commercial Settlement at 25% A client approached Bell & Company via a recommendation from a previous happy client. The case was complex due to the fact the client had a significant income and equity in their home. The client had a commercial loan with a major lending institution over which the bank held a charge…

Awards Dispute & Loan Sale Prevention

By Bell & Company | April 19, 2017

Awards Dispute & Loan Sale Prevention A pair of business partners parted ways and needed to settle on their commercial debt with a major banking institution in Northern Ireland. In this case, they were partied to litigation with an award due, which would have in excess covered the commercial debt settlement and given significant monies…

Personal Guarantee Exposure – Savings of £300k

By Bell & Company | January 17, 2017

Building Industry Client with Personal Guarantee Exposure Clients, operating within the Building Industry, instructed Bell & Company regarding their Personal Guarantee Exposure of £350,000 At the time of instruction, the health of our Clients’ and their partners had been materially affected with quite serious consequences and so the case was sensitive as a result The subject Bank…

Personal & Property Debt Successes

First-time investor left with large shortfall

By Bell & Company | November 10, 2017

Bell & Company were contacted by a gentleman who had been left in negative equity on his home. This was the gentleman’s first time investing in property, and unfortunately, just took out a mortgage at simply the wrong time, and had the possibility of insolvency looming over him. At Bell and Company, over our years…

‘Buy-to-Let’ property stress

By Bell & Company | November 10, 2017

Bell & Company finalise successful negotiations on a buy-to-let property. An older couple based in England approached our company regarding a property they had bought to rent as a holiday home in the south of the country. The lender was known to be notoriously difficult to deal with, so this was an ongoing battle between the…

Eager couple caught in the property crash

By Bell & Company | November 9, 2017

A young  and eager couple were desperate to get themselves on the property market, seeking to invest. Unfortunately, for the eager couple, this was just before the property crash of 2008. The couple found themselves falling victim to a shortfall of just under 100,000 pounds, on one of their buy-to-let properties. With the help of…

A couple helped out of huge shortfall after their seperation

By Bell & Company | October 31, 2017

A former couple had been under the weight of a huge shortfall of over £105,000. They were both trying to move on with their individual lives, but, this lender, in particular, remained unsympathetic to their situation. After a number of weeks negotiating, the lender placed the file on hold for a year, hoping for a…

The dangers of interest-only mortgages

By Bell & Company | October 18, 2017

Have you been enticed by an interest-only loan or mortgage? An interest-only mortgage may initially seem like a brilliant prospect when you decide to buy a house; an interest-only period where you only pay back the interest of your loan rather than what you’ve actually borrowed is an attractive option for many. Lower monthly repayments…

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