PERSONAL GUARANTEE NEGOTIATIONS

The team at Bell & Company help business owners across the UK, NI and ROI, who find
themselves in financial difficulty for one reason or another

PERSONAL GUARANTEE NEGOTIATIONS

The team at Bell & Company help business owners across the UK, NI and ROI, who find themselves in financial difficulty for one reason or another, especially at the hands of Personal Guarantees.

Loans provided during the peak of the market, on assets valued at significantly more then than they are today, are now non-performing and security value often falls significantly short of balances owing.

Many individual Directors find themselves directly liable as a result of having signed Personal Guarantees. We deal with Companies and Company Directors experiencing Insolvency issues and identify then implement strategies to drive matters forward and seek settlement whilst addressing any issues head on.

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PERSONAL GUARANTEES

Any business experiencing financial difficulty as a result of commercial debt as well as any Director or individual who may be personally exposed as a result of having signed a Personal Guarantee for a Limited Company in respect of its loans, leases etc. Typically, our Client’s businesses will be struggling as a result of over-extension on loans.

It is often the case that the person’s net worth demonstrated that they were good for the loan / Personal Guarantee upon drawdown, however, personal circumstances very often can change dramatically rendering the individual entirely incapable of meeting their personal obligations.

Bell & Company will engage with any lender or financial institution. On a daily basis, we aggressively negotiate with all primary lending institutions with a view to reaching a full & final settlement on any loan / Personal Guarantee usually by way of a one-off payment.

LOAN SALES & 'VULTURE' FUNDS

A primary topic of late has been the fact that many Banking Institutions are engaging in large, loan sale transactions to third party ‘vulture’ funds. A primary example of this would have been the recent Ulster Bank and Nama loan sales.

Very often the loan Purchasers are investment funds from overseas with a regulated intermediary appointed for the purpose of negotiations.

Regardless of what previous discussion/negotiations have taken place with the subject Banking Institution, a fresh approach must be taken as effectively there is a new lender in place.

We represent a multitude of Clients in this position and thus are fully informed in terms of the most effective approach to take in order to achieve the best outcome.

We are here to help, advise and represent any individual suffering pressure as a result of this recent and on-going change in debt recovery by lenders, who are looking to ‘tidy up’ their balance sheets.

PERSONAL GUARANTEE SUCCESS STORIES

In some instances, our clients will have strong, core trading businesses that are being suffocated as a result of property associated debt or generally too much debt. We work with our Clients committedly and aggressively towards a final resolution, with a view to salvaging their business/protecting what is important, and introducing a fresh beginning for all involved.

We consistently achieve savings on Personal Guarantee negotiations for our clients which can be viewed below.

Settlement of £78,000 on a £1.2 million liability – Savings of £1,122,000
November 16, 2017 | 0 Comments

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…

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Personal Guarantee exposure, 97 jobs saved and savings of £560,000
November 16, 2017 | 0 Comments

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…

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Commercial Settlement at 25%
April 19, 2017 | 0 Comments

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…

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Awards Dispute & Loan Sale Prevention
April 19, 2017 | 0 Comments

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…

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Personal Guarantee Exposure – Savings of £300k
January 17, 2017 | 0 Comments

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…

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Savings of £2.15M with large Vulture Fund
January 17, 2017 | 0 Comments

High level of Corporate debt settled A most intelligent and astute business Client approached us regarding a large level of Corporate Debt, in the region of £2.3m, that he owed to a Vulture Fund. The borrowings were in his own, personal name and had been taken out with a locally based institution however had been sold on…

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Savings of £700,000 & Settlement at 4.1%
January 1, 2017 | 0 Comments

Property Associated Debt -A farming Client of ours contacted for advice regarding a property associated debt he had with a primary, local lender. -Our Client had no interest in the properties, which had been untenanted for quite some time, were costing him money and thus he was happy to work through a consensual sale process…

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Property secured & savings achieved of £380,000
December 17, 2016 | 0 Comments

Property secured through third party who worked with our client -Property secured for clients of ours, working in the Hospitality Industry, approached our offices, noticeably distressed at the pressure they were experiencing regarding their debt situation -They owed c£700,000 to a primary, local lending institution and security was held over their business premises and several other investment properties of great importance to…

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Business borrowings in personal name
November 16, 2016 | 0 Comments

Debt settlement -A retail Client of ours had a debt settlement who was involved in an acrimonious breakdown with a local Bank regarding money he owed to them for which he was personally exposed. -There was a shortfall of c£400,000 owed on his own home, further to a consensual sale negotiation involving an agreed third party and…

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Client retained all security
October 17, 2016 | 0 Comments

Corporate debt settlement – Savings of £1.8m on the shortfall thereafter. -A Client, whose primary business was in Residential Care, approached our offices seeking advice regarding pursuit by an investment giant for an amount owing of c£4.7m -His loans had been sold on by the original Banking Institution and our Client feared that he would lose…

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