PC – October 2018
“Sincere thanks to Mel and Helen. The excellent and efficient service has resulted in a significant reduction in my Personal Guarantee obligation.”
Mel Loades
Personal Guarantees: Reaching a Settlement: 3. Intelligence and knowledge
When trying to settle a Personal Guarantee, there are a number of factors that influence the ease and speed at which a deal is reached. In the previous 2 articles we looked at those influences resulting from the bank/ organisation perspective and those of the guarantor themselves. In this 3rd and final article we look … Read more
Personal Guarantees: Reaching a Settlement: 2. The Guarantor
When trying to settle a Personal Guarantee, there are a number of factors which influence the ease and speed at which a deal is reached. In this article we consider those issues surrounding the Guarantor that can influence the outcome of any settlement. The Guarantor In addition to the Guarantor’s financial circumstances the health of … Read more
Choosing an Insolvency Practitioner
Mel Loades, of Personal Guarantee, talks about choosing an Insolvency Practitioner.
Personal Guarantees: Reaching a Settlement: 1. Bank/organisation influences
When trying to settle a Personal Guarantee there are a number of factors that influence the ease and speed at which a deal is reached. In this article we consider those issues that influence the bank or organisation chasing the debt. It is important to remember that most banks/organisations genuinely want to reach a deal … Read more
RB – August 2018
“When you realise that the company you have worked hard to establish has to close the decision is painful. This is the time when support is needed from the banks and government bodies who are only too glad to offer financial help when times are good but, as we discovered, when the tide turns are … Read more
HSBC Indian based collection team:- now doing deals?
HSBC India have a new set of case managers, over the last couple of months, which we have seen many a time in the past only for them to slip back into their old ways of non-decision making. Recent cases seem to be indicating that they now have some remit to do deals, although they … Read more
HBOS Reading fraud internal report published
A September 2013 internal report on HBOS, known as the Project Lord Turnbull report, has been published with respect to the widely publicised Reading fraud case. The report was, until recently, exclusively available to law enforcement and regulatory bodies. A copy of the report may be downloaded from HEREDraft Project Lord Turnbull Report part 1Draft Project … Read more
KS – July 2018
When our company was liquidated we approached Mel and his team for guidance on dealing with Personal Guarantees. He analysed our list of creditors, worked with us to identify where the risks were, and helped us with our responses to the single company that pursued us; his support enabled us to significantly reduce the amount. His … Read more
SK – June 2018
“A demand on a PG was causing me a considerable amount of worry. Mel took the time to discuss options and strategies without diluting the risks which still allowed me the opportunity to relax and think logically about the liability. Mel and his team have negotiated an interim repayment of £25 per month on a … Read more