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Different Types of Creditors – Different Issues / Agendas
As a general rule, each and every creditor with a Personal Guarantee as security on their debt is different in their approach. Some are relatively amenable, but some are draconian and hard-hitting in their approach.
Because of the complexity of any individual Personal Guarantee, situations involving additional Personal Guarantees sees this complexity compound. We at Bell & Company have dealings with nearly all companies seeking Personal Guarantees and know the way they work. That in turn allows us to advise in this niche and develop the best strategy to achieve the best outcome from a difficult position.
We act and have acted for clients who had Personal Guarantees linked to the following forms of credit taken:
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- The Big Four Banks,
- Peer to Peer Lenders (and there are so many forms of these!),
- Property Development Loans,
- Property Leases,
- Factoring / Invoice Discounting,
- Third-Party Support for somebody else’s finance/commitment,
- Trade Supplier Agreements,
- Builder Merchants,
- Family Member Loans,
- Legal Fee Support, and
The issues as we said are all very different and can compound when faced with two or more types of creditors PG.
The commentary above merely illustrates the complexity of multiple PGs that ensues when lenders are involved with their differing attitudes and agendas.
What we do at Bell & Company is to get through all this and achieve solutions – which we do!
Successes Achieved >>