Breaking News
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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
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
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
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
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
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
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.
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
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
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. In
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 individual
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
