Posts Tagged ‘Bankruptcy’

Liquidator of a Company – Do I have Personal exposure?

liquidator of a company

The failure of any company is distressing enough, and all company debts would be dealt within the liquidator’s work. There could be elements of the liquidation that cause personal exposure and put your assets such as your home, car or savings at risk. Personal Guarantees This is an area we specialize in. Personal Guarantees may…

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Eviction avoided & £200,000 shortfall settled for 10%

Our clients had found themselves in increasingly distressing circumstances and were due to be evicted from their family home. The bank had given the family 10 days to vacate their home before it was repossessed due to arrears on the mortgage. We have developed a great relationship with this particular lender over our years in…

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Tricky Shortfall of £40,000 settled for £8,000

Tricky Shortfall of £40,000 settled for £8,000

Our client, in this instance, had been with Bell & Company for several years. They had simply invested at the wrong time, just before the property crash of 2008. He owned a problematic buy-to-let property portfolio and had a number of properties now in negative equity. The client’s lender, who are notoriously difficult and reluctant…

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Personal Guarantee – Now I’ve received a Statutory Demand!

Personal Guarantee

Personal Guarantee A call on a personal guarantee can be very stressful but it may be managed with meaningful, professional engagement with the creditor. If it is ignored or the wrong representation is made, often by ‘misplaced help’, then the situation can quickly deteriorate. Statutory demand Very often the creditor will issue a Statutory Demand,…

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Will I Lose My Home in Bankruptcy?

Will I Lose My Home

Will I Lose My Home in Bankruptcy? The Fear What’s the biggest fear about bankruptcy or personal insolvency? Ask anyone who has faced this trial and you will get the same answer: losing your home. When you look at your debt situation and accept it is unmanageable it is practically certain that ‘Is my home…

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The Benefits of Debt Strategists

THE BENEFITS OF DEBT STRATEGISTS

WHAT ARE DEBT STRATEGISTS Debt strategist might sound like the job title of the bulge-bracket merchant banker in the Square Mile – but that’s not right. A good debt strategist is the vital problem solver every entrepreneur should have in their contact book. But whether it is business collapse with a personal guarantee attached or…

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Don’t let your PRIDE get in the way of your FUTURE!

Pride

The word bankruptcy tends to fill most people with feelings of dread. It’s hard to deny the fact that the word has typically negative connotations and is usually associated with financial chaos and the diminishing reputations of those associated with it. But don’t let your PRIDE get in the way of your FUTURE. While people…

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