Personal Guarantee
We recently had a Personal Guarantee Settlement £175,000 – £32,000 for our client. £175,000 Personal Guarantee called upon by the Bank and proceedings were underway. If there was a Judgement secured, then our client’s personal assets, including home, could be under serious threat. We met with the lender. Questioned the validity of the Personal Guarantee...
Building Industry Client with Personal Guarantee Exposure – Savings of £300K. Clients, operating within the Building Industry, instructed Bell & Company regarding their Personal Guarantee Exposure of £350,000 – Savings of £300K. At the time of instruction: The health of our Clients and their partners had been affected. This held serious consequences and so the...
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...
After a clients business went into Insolvency this triggered a personal guarantee which risked them going Bankrupt. The personal guarantee of £50,000 came to us when the Bank initiated Legal proceedings issuing a Summons. That customer’s Bankruptcy would have started a domino effect as our client could not satisfy the Personal Guarantee in full. The...
HMRC
HMRC DEBT – AGENTS AT OUR DOOR This success case and the details behind it are one we at Bell & Company see a lot. HMRC DEBT AGENTS AT OUR DOOR! Everyone’s nightmare – agents at their door. Our client rang us in a panic and the agent acting for HMRC wanted to start seizing...
Pre Insolvency Advice
Successful Settlement on Property Investment gone wrong, avoiding Insolvency. This case involved an aggressive lender and a large property shortfall which the client could not repay. Understandably the client was extremely stressed when they approached Bell & Company as they faced the prospect of losing their home and job. The client owned their own home...
Creditor or Lender Negotiation
Liability of £120,000 with secured assets worth £195,000 sold to ‘vulture fund’ settled for £38,000, vulture fund negotiations took place. Our client’s liability with a major banking institution which was sold to a ‘vulture fund’ with a secured asset attached worth £195,000. This case involved vulture fund negotiations. The client could not bear the thought...
Dispute Resolution
We see partnership breakdown a lot in our line of work. A pair of business partners parted ways and needed to settle on their commercial debt with a major banking institution. In this case, they had partied to litigation with an award due. This award would have in excess covered the commercial debt settlement and...
Our latest settlements is a case concerning dispute resolution – farming client, local creditors. Dispute Resolution – Farming Client, Local Creditors Had significant difficulties with a number of local Marts & suppliers regarding monies owing of c£200,000 This was preventing him from obtaining supplies, stock, etc. Because of the preventation, this stopped him entirely from...
Debt restructuring & refinance