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Capital on Tap Personal Guarantee enforceability issues
In dealing with so many CapitalOnTap credit card agreements to businesses over the years, we have seen a number of
American Express Business Card unable to enforce Personal Guarantees
Further to our article on the 13th February 2023 regarding Amex Business Card Personal Guarantees (read it HERE) , we
Trade Supplier Personal Guarantees Enforceability Issues
Many trade suppliers, particularly in the building industry, include as part of their trade application forms a personal guarantee (PG)
Capital on Tap marking personal credit ratings for business debt Personal Guarantees?
Over the last couple of months we have had people contact us setting out that Capital on Tap has either
Just Cashflow Update
We reported in January that Just Cashflow plc (JCF) went into administration December 2022 and would come back on how
CapitalonTap Personal Guarantee Collections
Capital on Tap, along with a number of secondary lenders, appear to have a higher level of defaulting debt at
COVID 19: How negotiations may proceed (#6)
Sixth and final video in our series on COVID-19 and how it affects personal guarantees.
COVID 19: How Creditors will view your financial position (#5)
Fifth in our series of 6 videos on COVID-19 and how it affects personal guarantees.
COVID 19: Your Personal Finances’ impact when dealing with a PG (#4)
Fourth in our series of 6 videos on COVID-19 and how it affects personal guarantees.
COVID-19: Key Factors in a Personal Guarantee claim (#3)
Third in our series of 6 videos on COVID-19 and how it affects personal guarantees.
COVID-19: How you should first respond to a Personal Guarantee Demand (#2)
Second in our series of 6 videos on COVID-19 and how it affects personal guarantees.
COVID-19 The effect on Personal Guarantees of Business Debt (#1)
The impact of Covid-19 on business and business debt is far-reaching to say the least. And consequences of defaulting business debt on personal guarantees will
Online Signatures in Personal Guarantees
Mel Loades, of Personal Guarantee, talks about online signature fraud in relations to personal guarantee settlements.
Business Loss and Mental Health
Mel Loades talks about the effects of business loss on mental health.
Choosing an Insolvency Practitioner
Mel Loades, of Personal Guarantee, talks about choosing an Insolvency Practitioner.
Getting A Personal Guarantee Settlement Done – Part 5
In the final episode, we talk more about the knowledge and intelligence needed to settle a Personal Guarantee.
Getting A Personal Guarantee Settlement Done – Part 4
In this episode we look at the processes organisations use to pursue a guarantee.
Getting A Personal Guarantee Settlement Done – Part 3
In this episode we look at the external factors that effect the Personal Guarantee.
Getting A Personal Guarantee Settlement Done – Part 2
In this episode we look at the circumstances of the guarantor.
Getting A Personal Guarantee Settlement Done – Part 1
In this episode we look at the attitude of the organisation that is relying on the guarantee.
Secondary Lending
Mel Loades, of Personal guarantee, updates us on secondary lenders and Personal Guarantees.
Bank Debt Collection
Mel Loades, of Personal Guarantee, talks today about bank debt collection departments, Personal Guarantees and some of their concerns regarding future property values.
Secondary Lending Market – Part 3
Mel Loades presents a three part video series on the downward spiral that is the Secondary Lending Market.
Secondary Lending Market – Part 1
Mel Loades presents a three part video on the downward spiral that is the Secondary Lending Market.
Secondary Lending Market – Part 2
Mel Loades presents a three part video on the downward spiral that is the Secondary Lending Market.
365 Business Finance – Personal Guarantee solicitors and letters before action
We have a number of clients who are being pursued by solicitors Valemus Law appointed by 365 Business Finance with respect
American Express Business Card Personal Guarantees validity?
There was a time when Amex Card business personal guarantees would stand up to scrutiny but in the last four years
Just Cashflow plc in administration
So the New Year brings forth the news that Just Cashflow plc has gone into Administration following their appointment of administrators
Question on Development Bank for Wales loans personal guarantees in early COVID
We have seen some personal guarantees (PGs) signed by directors of companies in early COVID to support business lending by the
Just Cashflow holding company goes into administration
JLG Group plc, the holding company of Just Cashflow plc, a prolific personal guarantee backed business lender, went into administration in
Potential lack of knowledge of Debt Respite Scheme for Mental Health amongst professionals and secondary lenders
We have published several articles on the mutual impact of financial stress and mental health (**articles listed below), but there does
Azzurro Law acting on behalf of Azzurro Associates get aggressive
Azzurro Associates are an American Hedge Fund backed UK company that purchases debt, particularly Personal Guarantee debt from the likes of
Second charge lending hits record of £155m
This article is noteworthy for the level of debt consolidation referred to.
Mental Health Awareness and Financial Wellbeing
Below is an article published by wealth management company Mattioli Woods, which is on financial well-being which unfortunately for many of
Dispelling The Myth That Fully Involved Directors Must Be Told By Finance Companies To Get Legal Advice
So often we hear from guarantors or their advisors that it was reckless lending by the finance company or that the
Funding Circle Last Of Major Peer To Peer Lenders To Pull Out
As per the below article by James Hurley of the Times, Funding Circle are the last of the major players pulling
Bank Signature Fraud Enquiry ‘On Track’?
Please see article written by James Hurley of The Times early in March. We have seen isolated incidents of this sort
Insolvency Practitioners don’t need to report “businesses in difficulty” re Bounce Back loans
We are neither Insolvency Practitioners (IPs) nor Solicitors and do not advise on such matters, and as an Insolvency Practitioner you
Personal guarantees: what do they include?
Below is an article courtesy of solicitor Patrick Selley at Keystone Law setting out some parameters as to what PGs should
Setoff of directors redundancy to overdrawn directors loans
Below is an article by Chris McKay of McKay Business Solutions regarding overdrawn directors’ loan accounts, redundancy payment service and right
Personal Guarantee backed CBILS loans surpassed £2 billion
More relevant news from last year following a Freedom of Information request to the British Business Bank from Purbeck Personal Guarantee
Call for Personal Guarantee register
This is old news from last year, but it is something that continues to be strangely absent given the number of
New criteria for Winding-Up Petitions
Chris Mckay of Mckay Business Solutions sets out new guidance on the winding up of companies for unpaid debt. READ HERE
If you cannot cope and/or are having suicidal thoughts …
Building on our article published on the 28th June as to the devastating effect on mental health that business distress has,
Shoosmiths joint venture launch of Equivo Recoveries
Shoosmiths have setup with Chartsbridge a joint venture recoveries business branded as “Equivo”. We have already seen some of Shoosmiths’ collections