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SME DEBT PRESSURE – HELP THE OWNER

July 11, 2019

Being an entrepreneur or business owner can be very lonely, especially when the business comes under any form of SME debt pressure. Sometimes people in paid employment look jealously at business owners looking at them as privileged, lucky and obviously loaded. Examples of comments are: ‘Look at the car’. (In reality, it’s financed to the hilt) He gets to play…

Personal Guarantee – I’ve received a Statutory Demand!

June 18, 2019

Personal Guarantee – I’ve received a Statutory Demand! A call on a Personal Guarantee can be stressful. Although, if managed with meaningful, professional engagement can be dealt with. Statutory Demand? If a Statutory Demand is ignored or the wrong representation is made, the situation can quickly deteriorate. Moreover, a Statutory Demand will lead to Bankruptcy proceedings. Bankruptcy Petitions will be…

Who the hell are Bell & Company?

June 17, 2019

Who the hell are Bell & Company? At Bell & Company, we help People who are experiencing personal or business debt. We provided individual, tailored solutions specific to the individuals’ needs. Our advice is impartial, fair and always in the best interest of our clients. Our team works with individuals and businesses across the UK and Ireland who need assistance…

£6.5million Personal Guarantee exposure settled at £175,000

June 7, 2019

A client had personal guarantee exposure of £6.5million after their business failed. He approached us with the threat of Bankruptcy looming over him. The Client had lived with this spectre of debt since the 2008 crash and could see no way out. He hadn’t heard from his Bank in several years and had hoped, in vain, that the debt had…

Personal Guarantees are Evil

June 6, 2019

A Personal Guarantee is used by the lender or financial institution to secure a loan or lease.  A Personal Guarantee is used to protect the lenders and financial institutions when providing a loan or lease. When signed by the company director, a Personal Guarantee waives the limited liability of the company during the debt recovery stage…. Basically, it is a…

small business personal guarantee

Small Business Personal Guarantee of £50,000 settled for £5,500

May 20, 2019

A client with a small business personal guarantee of £50,000 came to us when the Bank initiated Legal proceedings issuing a Summons. The client’s business had suffered because of a large debt. That customer’s Bankruptcy would have started a domino effect as our Client could not satisfy the PG in full. The Client was hopeful that he could operate in…

personal guarantee

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

May 16, 2019

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 and many families being affected. The outstanding…

A Guide to a Directors Personal Guarantee

April 10, 2019

What is a personal guarantee? Why would I need one? At the height of the business boom, banks frequently provided loans to companies. But, banks often required that the directors of these businesses sign an agreement, A Personal Guarantee. If the company is unable to repay these loans, the signer, or guarantor, would be personally responsible for the repayment. A…

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