How Bell & Company Secured a £103,000 Debt Reduction for a retail business owner.

When our client’s business went into administration in August 2024, he faced a daunting reality – an aggressive FinTech lender demanding repayment of a £183,000 personal guarantee. With legal threats looming, our client knew he needed expert help. That’s when he turned to Bell & Company.

The Challenge: Nowhere to turn

FinTech lenders are known for their aggressive collection tactics, often pushing for swift legal action. Our client’s lender was no exception, seeking to secure their position through the courts. Without intervention, bankruptcy was a very real possibility.

How We Helped

With our expertise in negotiation and strategic debt resolution, we stepped in to safeguard our client and his asset position.

After intense negotiations, we secured a £450,000 settlement – an immediate saving of £90,000 for our client. More importantly, we prevented a devastating repossession, ensuring he could pass his land down to the next generation.

Our team analysed our client’s financial position and the lender’s legal stance. He jointly owned a property with his wife, with his share of equity valued at £80,000. His initial budget for settlement was £60,000 but early offers at that level were rejected.

The lender countered with an £80,000 demand, payable within seven days – a challenging deadline for someone without immediate liquid funds.

Recognising the urgency, we leveraged our network to connect our client with a trusted broker, enabling him to secure the necessary funds. Through tough, strategic negotiation, we ultimately reduced the settlement to £63,000 – saving our client an incredible £103,000.

Client Feedback:

He was absolutely delighted with the outcome, acknowledging that this result would have been impossible without our support. He praised our team’s professionalism, strategic approach, and determination, emphasising that we provided clarity and confidence during a stressful and uncertain time.

Are you in a similar position? Dont face it alone

If you’re facing creditor pressure or personal guarantee demands, don’t face them alone. Contact Bell & Company today – because the right expertise can save you thousands.

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