Bankruptcy or IVA: Which Is Better for Directors With Personal Guarantee Exposure?
Explore your options with bankruptcy or IVA and how they impact your financial situation as a director facing personal guarantees.
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As a business owner or director, facing financial challenges can be an overwhelming experience. When businesses are struggling or fail, personal financial exposure can pose serious risks. At Bell & Company, we are the UK’s leading advisors for directors and business owners dealing with such situations (totally blowing our own trumpet…but it’s true!). We provide a comprehensive blend of legal, financial, and commercial expertise that is unmatched, all under one roof.
At Bell & Company, we are the UK’s leading advisors for directors and business owners dealing with such situations (totally blowing our own trumpet…but it’s true!). We provide a comprehensive blend of legal, financial, and commercial expertise that is unmatched, all under one roof.
Personal Guarantees: We handle cases involving personal guarantees on bank facilities and loans, secondary lenders/fintech loans, credit cards, leases, asset finance, franchises, and invoice discounting facilities, among others.
Overdrawn Directors’ Loan Accounts: These often arise from accounting errors, inappropriate access to company funds, illegal dividends, or overreliance on company assets. Our team can guide you through the complexities of addressing and resolving these issues.
Directors’ Conduct: We assist with matters related to liquidators, their reports, and the sale of claims to litigation funds for director pursual. Misfeasance, where inappropriate conduct by directors leads to company failure, is a growing concern, and our experience in this area is invaluable.
Unincorporated Businesses: We cover issues affecting sole traders, partnerships, and LLPs, particularly around debt exposure from trading activities and transitioning from unincorporated to incorporated status.
These are just some of the areas where we provide support. At Bell & Company, we understand that when it comes to director exposure and business failure, it’s not just about knowing the rules – it’s about having the experience and insight to navigate them effectively.
The current market conditions demand proactive and informed decision-making. Whether you’re struggling with negative equity or an unaffordable mortgage, contact Bell & Company today at 0333 305 4331 to discuss your options today.
Bankruptcy or IVA: Which Is Better for Directors With Personal Guarantee Exposure?
Explore your options with bankruptcy or IVA and how they impact your financial situation as a director facing personal guarantees.
Read Full Story
The World Cup Mirage: Why UK Hospitality Needs More Than a Sporting Summer to Survive
The World Cup shouldn’t be a survival strategy. We explore why the UK hospitality sector needs more than just a busy summer to solve deep-seated debt, rising costs, and the personal risks facing directors.
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What Moving Forward Actually Looks Like: Life After Debt Resolution
Most people focus on the chaos of debt - the letters, the calls, and the "real despair." But what happens when the noise finally stops? We explore the tangible, real-world outcomes of a successful resolution.
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