Posts Tagged ‘personal Guarantee’

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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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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Personal Guarantee exposure, 97 jobs saved and savings of £560,000

personal guarantee

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…

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A Guide to Director’s Personal Guarantees

A 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…

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What Are Debt Strategists?

We Are UK & Ireland’s Leading Debt Strategists Bell & Company are Debt Strategists and that simply means we develop a strategy to best eradicate a client’s debt burden. We are approached daily by over extended borrowers and tailor our advice to their individual circumstances to ensure there is a realistic option for them. Our…

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Personal Guarantee Exposure – Savings of £300k

Building Industry Client with Personal Guarantee Exposure Clients, operating within the Building Industry, instructed Bell & Company regarding their Personal Guarantee Exposure of £350,000 At the time of instruction, the health of our Clients’ and their partners had been materially affected with quite serious consequences and so the case was sensitive as a result The subject Bank…

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Personal & Cross Company Guarantees

Personal Guarantee

Savings of £1,500,000.00 & Settlement at 4.2% of Borrowings -A local family, working in the construction industry, attended our offices, utterly distraught at the level of debt at which they were exposed by way of both Personal & Cross Company Guarantees -Their original borrowings had been obtained via their Limited Company however same Company had been liquidated and…

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