Posts Tagged ‘Full & Final Settlement’

Bell & Company prove benefits of great business relationships

Bell & Company were recently able to assist a young couple with 2 young children facing eviction from the family home.

Bell & Company were appointed and approached the lender seeking a consensual sale, which was accepted by the lender.

In this instance, Bell & Company achieved savings of around £105,000, after the agreed open market sale.

Throughout Bell & Company’s 7 years in business, we have developed strong working relationships with most lenders in the UK and Ireland and are able to settle cases like this with most lending institutions taking pragmatic decisions when the case is fully submitted.

The couple delighted to be relieved of this burden. Bell & Company’s professional proactive approach ensures all those facing property debt issues can mitigate such burdens.

If you find yourself facing issues surrounding property debt, feel free to contact us. We offer a free initial consultation and full case review.

Our team will answer all your queries as soon you contact us.  If your query is of an urgent nature you call us NOW on 02895 217 373.

How you can beat debt

How you can beat debt

Debt is a problem that affects millions of people all over the world. In the UK specifically, over 8.3 million families are currently living in debt, with this often causing people emotional stress and anxiety as well as financial problems. The good news is that no debt is unbeatable. Even if you’re laden with massive sums of debt that seem impossible to pay back, there are ways you can combat it and services out there which can help give you some space to breathe again. Read on for our tips on how to beat debt and get your finances back on track.


This one may seem obvious but being aware of what you’re spending and how to minimize your outgoings is the first step towards beating your debt. Sitting down with a pen and paper and determining how much of your weekly outgoings can be cut down against your total income will give you a true reflection of your finances. Once you’ve done this, you’ll be aware of how much you can begin paying back.

Tackle your most important debts first

If you’re dealing with multiple debts, then the first thing to do is work out which ones are the most urgent. Finding yourself in mortgage arrears can lead to you losing your house, and not paying debts owed from parking fines can result in bailiffs seizing goods from your home, so working out which debts need to be prioritized is imperative.

Find out what you’re entitled to

If you don’t ask you never get. You might be entitled to range of finances such as working family tax credits which can give your finances a boost. We advise that you get in touch with the Government to work out what you’re owed as this can bolster your monthly income and help you to pay off your debts quicker.

Seek professional help

Sometimes people are faced with truly insurmountable amounts of debt that are impossible to pay back with their own income alone.

That’s where we come in.

We know the laws around debt like the back of our hands and have helped hundreds of clients beat their debts since we were formed in 2011.

In fact, our settlements with mortgage companies, banks and lenders have saved our clients over £130 in debt repayments over the years.

The reality of debt is that, depending on your circumstances, you might only have to pay back a fraction of what you owe. Why not call us today on 0330 159 5820 to see if we can help get you back into the black?


First-time investor left with large shortfall

Bell & Company were contacted by a first time investor who had been left in negative equity on his home.

This was the gentleman’s first time investing in property, and unfortunately, just took out a mortgage at simply the wrong time, and had the possibility of insolvency looming over him.

At Bell and Company, over our years in business we have been able to build a strong relationship not only with clients but a good business relationship with different lenders.

The lender in this case was able to agree on a full and final settlement of £5000, which was fantastic. Although the end result was a great success, the negotiation was not easy. The team at Bell & Company had to develop new strategies to generate the best outcome for the client.

We pride ourselves on our ability to think outside of the box. We can provide strategies and solutions that others wouldn’t consider. Contact us today if you would like to arrange a free, no-obligation consultation on 02895 217 373.

Despite difficult lender, a 10% settlement can be achieved

A settlement of 10% can still be achieved, even when faced with a difficult lender

A couple with a large shortfall of over £120,000 with a notoriously difficult lender approached us for help. While we had overseen the sale of the property and had been attempting to negotiate with the lender for quite some time, the couple began to consider the option of personal insolvency. Personal Bankruptcy has so many negative connotations associated with it. Bell & Company feel, however, since 2008 the stigma associated with the process has gradually lessened.

Bankruptcy can have benefits and it is an excellent tool when armed with the best advice. Sometimes, if a person is saddled with excessive, unaffordable unsecured debt then Personal Bankruptcy can be the best route forward. Our team was able to utilize innovative new strategies and within a few months, the lender settled at 10%. A massive achievement, as this lender, in particular, is not usually open to negotiations!

If you find yourself facing issues such as insolvency, contact the team here or call 02895 217 373 to discuss your circumstances and take the first steps towards your fresh start in life.

Finance professional avoids Bankruptcy

Bell and Company recently assisted a professional to avoid Bankruptcy

Our client, who happened to be a professional in the field of finance, unfortunately, fell victim to the property crash, which saw them left with a shortfall of over £110,000. They decided to surrender the property back to the lender as arrears and liability continued to grow, with no visible resolution.

Upon the initial consultation with ourselves at Bell & Company, we were able to oversee the surrender of the property and swiftly entered into negotiations for settlement. Due to our strong relationship with their lender, we achieved a full and final settlement of £5,000, under 5% of the shortfall, with a write-off, of over £105,000!

We pride ourselves on our ability to think outside of the box. We can provide strategies and solutions that others wouldn’t consider. Contact us today if you would like to arrange a free, no-obligation consultation on 02895 217 373.

Alternatively, have a look at our frequently asked questions on our website.

The Recession, ten years on: how are we affected?

The recession, ten years on: how are we affected?

The recession, ten years on: how are we affected?

The recession began as just another financial crisis on Wall Street. There was an issue with subprime mortgages in America—mortgages given to people who looked to be high-risk lenders, with difficulty maintaining a repayment schedule—which became a bigger and bigger issue as more and more people defaulted on their mortgage. Wall Street had accepted this higher risk, but it was unsustainable. Lehman Brothers, the investment bank, collapsed because of these problems, problems which continued across the globe.

The UK bank, Northern Rock, was caught in the crossfire due to their practice of heavily using the international money markets. When this became known, customers of the bank flocked to take out their savings. Known as a bank run, this essentially drained Northern Rock of its assets and turned it from a healthy company in the morning to one that was facing bankruptcy by the day’s end.

Across the world, countries fell prey to the credit crunch, now recognised as one of the worst recessions since the Great Depression of the 1930s. many were affected, Companies were reluctant to employ new staff, employees were reluctant to accept redundancy, wages stayed stagnant, and the cost of living shot up.

It’s not been an easy road to recovery. The UK government’s insistence on austerity has recently become an unpopular one, quality of living for many have dropped and more and more families becoming reliant on food banks. Mid way through recovery the UK voted to leave the European Union, a move which to date has yet to see benefits, a decision which could throw finances into disarray when the UK officially leaves.

Lord Aidar Turner, who was head of the UK Financial Services Authority between 2008 – 2013, worries that not enough has changed. Speaking to the Sydney Morning Herald, he warned that the world has not learned from the problems that lead to its problems the first time. Problems like debt overhang, where people and countries are so in debt they can’t borrow any more, are still rife. So much do, the Banks are having to sell on their non-performing loan portfolios in order to recover some if the debt owed.

Recently, AIB is reported to be set to push the button on what they are calling Project Pine. Project Pine is a €300million sale of non-performing loans secured on assets in Britain and Northern Ireland.

To read more on this recent AIB loan sale follow:

Or Read our blog on a previous AIB loan sale and how we can help:

Since the downfall of the markets, in real terms, levels of unemployment have gradually decreased in the ten years since the financial crisis began. Wages have slowly risen, though so has the cost of living which means there is still a gap. House prices have risen, but not to the levels seen pre 2007 and though a lower amount of new houses are coming onto the market people are still wary of taking on a new mortgage and expose themselves to more the risk.

Overall, Debt is still an issue. Even though short-term lenders like Wonga and QuickQuid have been handed new sanctions, debt shows no signs of slowing down. Something which needs to be addressed.

If you are finding yourself in a difficult position due to unaffordable mortgage repayments, the possibility of repossession or fear your mortgage has been sold to a Vulture fund then speak to us today.

We are experts in working with those who are in financial difficulty due to property Debt related issues. Covering Ireland UK and several countries in Europe, our experts have a wealth of knowledge and can negotiate on your behalf to find solutions suited to your situation.


Call 02895217373

Email [email protected]

Click to Chat


Insolvency – What to do when the worst happens

Insolvency - What to do when the worst happens

Insolvency – What to do when the worst happens:

If your business is facing insolvency, it can seem like there’s no way out. You may be kept up by anxiety over what’s going to happen to you, your staff, your professional reputation and your assets. Although the stress might be overwhelming, you have time to sit back and look at your options. Rushing into any official agreement can do you more harm than good in the long term, and you could end up paying more than you can comfortably afford. There is even a risk that insolvency could strip you of a license you need to work.

Alternative Solutions to Insolvency

You might be surprised to learn that there are other ways to resolve your situation before taking a formal insolvency route. Your creditors might even prefer that you face pre-insolvency. There is often more flexibility in negotiations, plus reduced costs on both sides. Ask our team what this entails.

Instead of dealing with an Insolvency Practitioner, who is legally obligated to get the best deal possible for the creditors chasing your debt, working with pre-insolvency consultants like Bell & Company mean they will try and get the best outcome for you. This means they’ll spend time understanding your circumstances as well as the particular challenges your business faces.

Our Work

Bell & Company’s strategies include reworking existing financial agreements within the company and with creditors, advising on the best ways to restructure your business to reduce costs, as well as exploring alternative cash streams. They stand between you and your creditors so that you can make the best decisions for your company without the stress of being hounded by collectors.

Pre-insolvency doesn’t have to mean the end of your business. Taking the right steps and considering what’s truly best for your company can often help get it back on track. Bell & Company’s track record in securing Full and Final Settlements can help satisfy creditors, allowing you to start fresh. These settlements mean that creditors still receive a sum from you, but they agree to accept less than the full debt and agree that they will not take action to recover the rest of the money from the debt.

It can be daunting to confront the full scope of your debt, but the best time to act is as soon as you notice there’s a problem with your business solvency. Pre-insolvency offers you more options and freedom than formal procedures, with expert consultants who will work for you and not your creditors.

Call Bell & Company on 0330 159 5820