Mel Loades Harry and Mel were brilliant from start to finish. They understood my position, suggested the relevant supporting docs and put forward our case. From having a PG of 23k they managed to have the debtor to agree to accept 6k. Its easier to sleep with Harry and Mel your side.
Personal Guarantee have been very supportive during difficult times of negotiating with some pretty unreasonable creditors. My experience has been rather drawn out over the past 2 year with Covid, but the team have remained contactable and professional throughout. Their support and guidance has made the whole experience much more manageable. Thanks!
We are neither Insolvency Practitioners (IPs) nor Solicitors and do not advise on such matters, and as an Insolvency Practitioner you might want to check with your compliance officer on the following: By way of comment, we have heard through the grapevine that some IPs have been told that they are obliged to report to … Read more
Below is an article courtesy of solicitor Patrick Selley at Keystone Law setting out some parameters as to what PGs should include.
Below is an article by Chris McKay of McKay Business Solutions regarding overdrawn directors’ loan accounts, redundancy payment service and right of offset on insolvency.
More relevant news from last year following a Freedom of Information request to the British Business Bank from Purbeck Personal Guarantee Insurance. Read the full article HERE
This is old news from last year, but it is something that continues to be strangely absent given the number of people we see who have signed multiple personal guarantees for a variety of limited company business lending. Many high street banks have no formal personal guarantors register; however, with respect to secondary lenders who … Read more
After reaching an agreement relating to a PG and now bringing the matter to a close, I have to say that the service you and your team have provided was absolutely outstanding. This includes: swift responses, great negotiations with these heavy handed creditors, keeping us in the loop all along and most importantly we were … Read more
Chris Mckay of Mckay Business Solutions sets out new guidance on the winding up of companies for unpaid debt. READ HERE
I was recommended to Personal Guarantee after speaking to a friend who had gone through similar circumstances that I was struggling with. The heavy hand of creditors almost pushed me over the limit several times but Personal Guarantee were always a calming influence and understood the situation and always put my concerns at ease. It … Read more
