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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
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
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’
Azzurro mark Guarantors credit ratings in error
Please see article HERE by James Hurley of The Times published on the 22nd July 2021. In dealing with over 2,500
Personal Guarantee Claims and Mental Health
WE HAVE NEVER REFERRED SO MANY PEOPLE FOR MENTAL HEALTH CRISIS ASSESSMENT AS WE HAVE IN THE LAST 10 WEEKS.
Debt Respite Scheme (Breathing Space)
The Debt Respite Scheme was introduced in May 21 to allow FCA regulated debt advisors acting on behalf of an
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.
Funding Circle sells a further 1,900 defaulted Company Debts and Personal Guarantees to Azzurro Associates
James Hurley of The Times published this article on Saturday 5th June. Andrew Birkwood, CEO of Azzurro Associates, continues to publically
Personal Guarantees – When Blue Turns To Grey
A very interesting article putting some onus on creditors to demonstrate that a PG was put in place effectively. Article by
Scaffolder banned after disposing assets prior to bankruptcy
Thankfully, a personal guarantor we did not have to deal with! Kenilworth scaffolder banned for 4 years after recklessly spending £142,000
Arrests in £6m bounce back loan scam
Three men working for a London financial institution have been arrested by the National Crime Agency as part of an investigation
Shawbrook acquires £167m portfolio from RateSetter
See below Shawbrook’s press release regarding their purchase of RateSetter; it will be interesting to see how this will effect RateSetter
The Times – Article regarding sale of PG debt by Funding Circle
Please find The Times article regarding the sale of PG debt by Funding Circle in which Mel Loades is briefly quoted.
Azzuro Associates buying up personal guarantee liabilities
We have dozens of clients who have received letters of assignment of company and personal guarantee debt to Azzuro Associates Ltd.
Personal Guarantees on non-limited companies fairness test
An esteemed contact of ours Patrick Selley has written this article about PGs that relate to business debt that is not
MPs call for update on bank signature forgery claims
MPs have asked the Financial Conduct Authority and the National Crime Agency (NCA) for an update on their investigation into claims
Small businesses urged to insure against rising risk of personal insolvency
Small business owners who have had to provide a personal guarantee to a lender for a business loan, are being urged
City watchdog orders firms to protect vulnerable customers
The Financial Conduct Authority (FCA) has ordered financial firms to do more to protect vulnerable customers, warning some are being “exploited
Before signing a personal guarantee
There are a number of issues surrounding the signing of a personal guarantee for business finance or supply in the first
Case Studies – Facts and Outcomes we have managed for Clients
Alleged guarantor never signed the document Guarantee statute-barred and charge removed from property Hairdressing Asset Lease and Supplier Personal Guarantees Father
Business Banking Resolution Service (BBRS) will be in place this Autumn
The Times’ James Hurley talks to Lewis Shand Smith, chairman of the nascent Business Banking Resolution Service (BBRS), which has still
Personal Guarantee debt and Mental Health
Debt and mental health are often linked with one more often than not being a symptom of the other. Anxiety and
Personal Guarantee risk for over 420,000 small business owners
Having assisted personal guarantors of business debt for some 12 years we were involved with assisting guarantors during the post-2008 financial
Capital on Tap / Redwood Collection Services Personal Guarantees
If you are receiving letters from Redwood Collections chasing alleged personal guarantee debts on behalf of Capital on Tap and you
What Judges want (according to the Judges themselves)…
We do not provide legal advice. This is a very interesting article by Ali Tabari – Barrister and mediator at St
FCA extends regulation of non-regulated commercial lending to regulated firms
It appears the FCA will, from 9th December, regulate non-regulated commercial lending by FCA regulated firms. This will be interesting, as
Online signing of a Personal Guarantee
More and more commercial lenders use online signing as a method of formalising finance agreements and Personal Guarantees, particularly those involved
