Many of the successful IBAS cases were originally turned away (by solicitors) because they saw no basis for arguing the debt being claimed.
In most of those cases the solicitorʼs advice was to settle in full with the bank - which would have delighted the bank - as afterwards IBAS contested those cases using our knowledge and experience - why? - because some bank debt claims have no legal basis on which to claim the debt alleged to be owed to the bank.
Some bank debt claims formally claimed by a demand on a Personal Guarantee have no legal basis. Many cases where bank debt claims were settled should not have been.
For some ʻadvisorsʼ - 'settling' a £100k bank debt claim for £50k might appear to be a good result - however, if it is not legally owed by you to the bank or lender - it is then a very poor deal.
Often Banks 'take' customerʼs personal assets for an 'alleged' bank debt claim, whilst also claiming an inflated debt or by using an unproven ʻlegalʼ claim because bank customers lack essential knowledge or business banking survival skills required to combat the bank's debt allegations.
If the bank is legally owed nothing they should be paid nothing.
IBAS has had continuous business banking dispute investigations, negotiations experience with all major UK lenders since 1992 and we provide professional, confidential guidance and direct assistance to directors and proprietors requiring assistance with their business banking disputes.
IBAS business banking account investigations experience, our expertise in analysis of business bank loans, business bank current accounts, business banking contracts, business banking account facilities plus our knowledge of business banking debt recovery strategy - has provided expertise in utilizing our specialist banking knowledge.
IBAS specialist banking knowledge is the key to our member's success and the almost miraculous settlements for IBAS members.
There is no other non - profit UK organization providing independent and specialist individual business banking advice and specific assistance to members.
August 2020 - Testimonial - 'Thanks for firstly remotely assessing my bank debt claim complaint/s and then saving me time and money by advising me exactly how to achieve a successful outcome, without solicitors being involved. Your remote working and knowledge based systems are remarkable.
IBAS has saved me many thousands of pounds by obtaining all the facts, then advising me 'safely' on an effective resolution (without wasteful or ineffective 'face to face' meetings in the current Covid 19 'climate'). Brilliant result all round and very safe and cost effective for me. Carry on your good work' - AS
Personal Guarantees on Bank Business Debts or business banking debts or disputes for Limited Companies allow the bank to claim a debt is owed personally by the personal guarantor if the business fails or the Limited company cannot pay the debts claimed on the bank's demand.
It is not enough for a personal guarantor to resign from the company. Even even if a company director resigns as a director that may not protect them from a bank claim on their personal guarantee for debts owed by the business whilst they were still directors or partners. If you need to have a release/discharge/end/finalize or 'determine' a personal guarantee you will require specific advice to make sure the Personal Guarantee is no longer 'relied upon' by the bank.
Why use the Independent Banking Advisory Service (IBAS) for your Business Banking Dispute?
IBAS was established in 1992 and is totally independent. IBAS business banking investigations have been the ʻcorner stoneʼ in the many successful IBAS cases and resolutions since 1992.
As a Director, Partner or Proprietor with a UK business banking dispute or business banking debt claim you will have already received 'conflicted' advice maybe from the bank, Insolvency professionals or solicitors and you may be very confused and now be seeking fully independent advice, guidance or help. IBAS will know from many years experience how best your dispute may be 'handled'.
IBAS investigations and investigatory experience with audits and interest overcharging has meant that many bank claims have been considerably reduced or completely dropped.
We know from our ʻcase workʼ and also the many meetings with Bank Debt Recovery teams just how much information banks hold for their use when they demand payment for business banking debt claims or directorʼs personal guarantee debt claims.
IBAS first priority in any business banking ʻcaseʼ is to obtain all information from the business customer and also from a bank, which we know is necessary to determine the strength of the bankʼs claim on the customer.
Our first priority is the same whether it is a business bank account debt in dispute or a debt claim after a business failure where the bank seeks payment from a directorʼs personal security or directorʼs personal guarantee.
Personal security may be by a bank guarantee or directorʼs personal guarantee and directors personal guarantees may also beʻsupportedʼ by a bank mortgage on an individualʼs personal property, which may be either jointly held (joint and several) as security with others or severally (individually) held.
We have found from experience that early ʻpaperworkʼ for assessment in many business banking cases is limited, as business owners, directors or partners do not have copies of important documentation on which we know the bank will rely.
Those in business banking disputes are also rarely aware of how the banking debt recovery system operates or how devious bank recovery officers can be in seeking their first priority - payment of the debt - regardless of the specifics of the customerʼs business banking dispute.
That is why we would never suggest that any business customer in dispute with the bank uses the telephone to ʻdiscussʼ any matter with their bank.
An IBAS member wrote in: "Just for information we have recently reduced the balance outstanding to the bank and now have a better relationship with a new manager who many times, has apologised for the actions of others that have gone before him. We would like to thank you for your assistance in bringing the matter with the bank to a conclusion. It would have been far easier if we had known about your organisation in the first instance and the corner the bank backed us into would probably never have transpired.
We could not recommend strongly enough to anyone struggling with the overzealous banks how helpful IBAS have been. When we consider how the bank treated us when we hadn’t done anything wrong, never missed a payment and had good loan to value rates, I can only surmise how aggressive they must be to others.
Once again many thanks for the help IBAS have given us both over the past two years. In the nicest way we hope never to require your services again! "- GL
IBAS provides experienced specialist and practical advice to IBAS members on how best to deal with and control the bank’s ‘collection’ activities after demand of the debt has been made on a Director’s Personal Guarantee or on a business banking dispute.
What can you do and how best to do it?
Can you 'get out of the personal guarantee' - is it possible to do so?
Can you dilute your director’s personal liability under a bank’s director personal guarantee debt demand?
Those questions have been asked many times where IBAS investigate bankers and bank actions on business banking disputes and bank debt claims.
Do you want to delay the bank progressing to a legal claim?
you need IBAS expert experience and assistance
IBAS has been providing exceptional results for business banking customers since 1992
IBAS has been analyzing business/commercial/corporate bank accounts and banking contracts since 1992. Our experienced 'eye' and detailed investigation of the charging structure against the banking contracts is essential if the business is to recover losses fully. If the bank has intimated placing an account into 'recovery' or a 'specialized relationship unit' - our investigation may provide 'negotiation' ammunition and can protect your business. All charging investigations rely on the detail from the 'paperwork' provided or available for us to then establish whether a full investigation is necessary.
The following statement is posted online by one of our members: "The fact that IBAS have the knowledge and provide assistance in formulating the strategy, which was provided to me under membership and which provided the necessary case law ammunition and support (letters continually making the correct points) to prevent the bank gaining the upper hand - that strength of position then also enabled me to 'face off' the bank's threat (although the bank/solicitors knew their claim was flawed) and this strength of resistance then forced them to discontinue their action - this is all a matter of fact and something which IBAS should be very pleased about." Source