Posts Tagged ‘Cerberus’
How loan sales and vulture funds could result in thousands of people losing their homes
A financial advisory company that specializes in dealing with personal and professional insolvency is warning how a state bank’s decision to sell off troublesome and underperforming loans could result in thousands of people losing their home. Bell and Company are keen to alert homeowners in the North that are likely to be affected by Permanent…
Read MoreAIB Loan Sale: €1.8bn Purge to Vulture Funds
AIB Plans €1.8bn in Loan Sale to Cerberus and other Vulture Funds The Irish Times recently reported that the private equity firm Cerberus, ironically named after the mythical three-headed dog guarding the gates of Hades, is moving forward in potentially purchasing some of AIB’s loan book. AIB is planning a purge of its non-performing €1.8 billion loan…
Read MoreI am a company director of a limited company with a personal Guarantee. How will this effect me?’
More often than not where a Lender is offering loan facilities to a Company, they will, by way of security, require a Personal Guarantee to be offered by the Director(s) of same Company. This will essentially provide the Lender with the reassurance that, even in the event of the Company becoming insolvent, they can pursue…
Read MoreMy Loan Has Been Sold to A Third Party – What does this mean for me?
At Bell & Company, we assist individuals whose original loans have been sold to a third party. Some may remember that, recently in Northern Ireland, we were asked to attend with a joint committee at Stormont to outline how Cerberus were liaising and reviewing cases of loans they purchased from Ulster Bank. You can revisit…
Read MoreCould I lose my home?
One thing we understand entirely is that home is sacrosanct to most people thus it is imperative that the situation in home is investigated first and foremost. In many instances, a Borrower/Guarantor’s home will be mortgaged with another lending institution and, as a result of the property crash, there will very rarely be equity in…
Read MorePODCAST: Frustrated by the delays that are being caused by Cerberus' current approach?
Welcome to the first edition of the Bell & Company podcast. Today we have HELEN MCCARRAGHER discussing Cerberus… You may recall over the last month we have been placing a focus on Cerberus. In fact I took it upon myself to write a paper on the subject for my most recent MBA modules such is breadth…
Read MoreCERBERUS – WHATS NEW?
You may recall over the last month we have been placing a focus on Cerberus. In fact I took it upon myself to write a paper on the subject for my most recent MBA modules such is breadth of scope and detail regarding their acquisition of loan books both in Northern Ireland and Republic of…
Read MoreCERBERUS, CERBERUS …. WHAT ABOUT OTHER BANKS?
Before you continue reading this weeks blog why not check out our recent settlements by clicking the link below Recent Settlements
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