At Bell & Company, we’re committed to delivering substantial financial relief to our clients. Last week, we shared how we assisted a client in saving £345,000 on an overdrawn director’s loan account. Today, we’re excited to highlight another success story where we achieved a £602,500 saving for a client facing personal guarantee exposure.
Pursued Years Later…
Our client found us after searching for help with Joint and Several Personal Guarantee issues online. Her case was a stark reminder of how personal guarantees can resurface years later with devastating consequences. Our client had briefly served as a director of a limited company and signed a personal guarantee, which she forgot about after stepping away from the role.
Fast forward to years later – she had relocated to another country, changed careers, and was suddenly pursued by a well-known lender for a £635,000 debt.
The stakes were incredibly high. Without intervention, our client faced bankruptcy or the loss of her buy-to-let property – outcomes that would have upended her life.
Strategic Negotiation
Our team took a strategic, hands-on approach to resolve her case. Navigating inter-jurisdictional challenges due to her relocation, we worked closely with solicitors to carefully document her financial position. By demonstrating her inability to pay the full debt – highlighting her career change, relocation, and limited resources – we successfully negotiated a commercial resolution.
The Result?
We settled the £635,000 debt for just £32,500 – a life-changing saving of £602,500. Our client was understandably worried and stressed throughout the process, but her cooperation led to a resolution that gave her immeasurable relief and a fresh start.
What This Means For You
This case underscores two critical points:
Personal guarantees can have lasting consequences, even after you’ve left a company.
With the right strategy, you can avoid worst-case scenarios and secure substantial savings.
If you’re a director facing business debt or personal guarantee issues, don’t wait until the situation spirals. Whether you’re dealing with a lender pursuing you for a guarantee or struggling with mounting financial pressure, we’re here to help.
Take Action Today
Let us help you take control of your situation, just like we do for all of our clients. Start with a free, no-obligation case review to explore your options and understand your true liability.
The team at Bell & Company has been a tremendous help. What was not possible trying to solve with HMRC on our own was made possible. A great outcome which allows us to concentrate on running the business with less…
Making the impossible possible
The team at Bell & Company has been a tremendous help. What was not possible trying to solve with HMRC on our own was made possible. A great outcome which allows us to concentrate on running the business with less stress going forward.
Sascha Cutura – GB
Get a Free Consultation Today
Worried about debt? We know that sometimes taking the first step can be the most difficult part.
Our experienced experts are always available to discuss your situation and provide options.
Contact us today for a free case review with one of our specialists.
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