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Azzurro Associates buying up personal guarantee liabilities

We have dozens of clients who have received letters of assignment of company and personal guarantee debt to Azzurro Associates Ltd.

Funding Circle appear to be the most prolific assigner of debt with other assignments being made by Boost Capital and Capital on Tap.

In some instances Shire Recoveries have been appointed by Azzurro Associates to collect on their behalf.

Although the assignment of company and personal debt is commonplace, the sale of PG debt is rare but could become increasingly prominent in these unusual and difficult times.

This recent development is likely to become the largest assignment of PG debt we have seen in 12 years of dealing with personal guarantee issues.

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