Following our update of last Monday regarding the High Court action resulting in success for Azzurro Associates, and providing a validation of Funding Circle’s ability to assign debts to Azzurro Associates, it is becoming even more apparent that a more preferential outcome is likely to be achieved the earlier a matter can be settled.
Ever since the introduction of the sale of Personal Guarantee debts to Azzurro Associates in 2020, by Funding Circle and others, we know that the timing and approach of an intervention is critical.
As the floodgates open for both Funding Circle and Azzurro Associates (and Azzurro’s representatives Solaris Law, DTM Legal, Shire Recoveries and Moorcrofts) as they clear a backlog of uncollected Personal Guarantees, an early intervention is more likely to result in an improved outcome that might otherwise be achieved by biding time.
With regard to these matters, if the matter proceeds to litigation, costs escalate and positions harden and the probable outcome will be far more onerous with a County Court Judgement, and a Court enforced Charge on a property, not to mention the elevated level of time and stress that involves.
Whether you are at the first stage of correspondence or already facing legal proceedings, our role remains the same: to restore perspective, best protect your position and work towards a commercially practical outcome.
If you are facing a Funding Circle PG demand, or fear one may be around the corner, the message is simple: contact us HERE as soon as possible before enforcement momentum takes hold.
