Posts Tagged ‘Corporate Debt Negotiation’
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 MoreThe professions most likely to fall into debt
Anyone, regardless of their job, years of experience, age or financial situation can fall into debt. This can be the result of a whole host of factors such as difficult personal circumstances, business deals gone bad, irresponsible lending on behalf of banks and more. Having said this, not all professions are created equal. The same…
Read MoreThe debt hotspots of the UK
Debt hotspots Debt is a problem that’s plaguing the whole of the UK. In fact, household debt across the country has increased by 7% in the last five years alone. New figures suggest that half of British adults could be financially vulnerable. Not all areas of the UK are equal in their debt problems, however.…
Read MoreEnglish 'buy to let' case settled within 5 months
A young man based in England approached our company regarding an unsustainable ‘buy to let’ property he owned. After weighing up his options, he decided after much deliberation to surrender the property back to the lender. Thankfully the property sold quickly and left a shortfall of just over £30,000. This shortfall is deemed as a…
Read MoreA young couple caught up in the Recession
A young couple found themselves caught up in the financial downturn of 2007, have a look at their journey to success. The couple had made investments into 3 rental properties across different lenders, along with having a mortgage on their own home. After the downturn in the market in 2007, they found themselves with 4…
Read MoreDo I have to tell my employer that I'm in debt?
Do I have to tell my employer that I’m in debt? There is no hard and strict rule that explicitly details every employee who’s in debt must inform their employer or there would be a queue of people outside of HR’s door after every Christmas. Having said that, there are some professions where debt may…
Read MoreUnaffordable Negative Equity Property
Like many since the financial crash, our client came to us in a position where they could no longer manage to repay their mortgage due to the continuing and difficult financial situation they were in. With an outstanding balance of £120,000 on the mortgage, the property was found to be in severe negative equity after…
Read More‘Low’ Mortgage Shortfall Settlement
Our Client had an outstanding mortgage shortfall of £13,000 and needed to break free from their debt to move on with their life. Many lenders consider lower outstanding debts such as this to be deemed as ‘affordable’ over someone’s lifetime. In such a case, the lower level of crystallised debt could provoke the Lender consider…
Read MoreA Guide to Director’s Personal Guarantees
A Guide to Director’s Personal Guarantees What is a personal guarantee? Why would I need one? At the height of the business boom, banks were often very happy to provide loans to companies. They often required the directors of these businesses to sign an agreement, stating that in case of the company being unable to…
Read MoreCommercial Settlement at 25%
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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