Do you have a copy of the personal guarantee the bank claim you have signed?

You need our 30 + yrs experience to help you - email & interest us

Want help defending directors personal guarantee debt claim dispute with bank?

 

Should you request a copy of the personal guarantee you signed from the bank?

 

Are you personally liable to pay the Limited Company debt which is now being claimed? 

 

 

Testimonial from JE on a Personal Guarantee Debt Claim of over 500k:

"I want to thank you from the bottom of my heart

You have achieved more in two letters and less than 1000

than a posse of high ranking big charging solicitors have in over three years

I thank God for that Google search that brought us in touch

and I thank God for IBAS"

 

IBAS investigate Directors Personal Guarantee Disputes and Debt Claims and can help defend banks legal claim on directors personal guarantee debt claim - avoid personal guarantee judgment

Bank staff are employed by the bank specifically to protect the bank

 

 

Are you sure of the validity of the Debt being claimed and also the legal enforceability of the Bank Claim?

 

 

As TM said:

"This is a battle that we have won, which could quite easily have been lost had I not joined IBAS.

I would recommend them to absolutely everybody"

- TM Testimonial for IBAS

 

 

A personal guarantee is an agreement made between an individual or individuals which means that if they act as a business director they then take a level of responsibility for their company's debts in the event that they cannot be paid back by the business or company itself.

 

If a claim is made under the personal guarantee, the director will be liable to pay the company's or businesses debt and the partner, proprietor or company directors' personal assets may be at risk as they become liable for the relevant business debt that is covered by the guarantee.

 

IBAS has investigated a great many director's personal guarantee bank cases since 1992.

 

Director's Personal Guarantee bank facilities, agreements and debt claims resulting from lending facilities are rarely simple and can be extremely complicated. We have found that quick or easy answers at the enquiry stage are only possible where the case has already been lost or defences compromised.

 

Signing into a Director's Personal Guarantee and Indemnity is intended to expose the guarantor to a legal claim on their assets by the lender if their Demand for Payment on the borrower is not or cannot be paid.

 

That is the Lender's intention when seeking a Director's Personal Guarantee with an Indemnity.

 

Many Guarantors believe that having a co-owner of the family property will then prevent the lender charging against or issuing a possession order or order for sale on their home after judgment.

 

But, in our experience Lenders obtain a judgment for debt so that they can 'take' any personal assets which are not legally protected.

 

Therefore, a part owner or co-owner of a property will not prevent any claim (charging order or order for sale) on that property once judgment is obtained in court against the bank customer.

 

Our experience shows that lenders obtain all property ownership and existing mortgage details immediately their debt recovery commences – they are then able to enforce on judgments once the Judgment for debt has been obtained.

 

IBAS fully investigate Director's Personal Guarantee Debt Claims and that has been our standard practice since 1992.

 

IBAS can protect you from the often hostile intentions and actions of your bank

 

 

Banks produce documents they will rely on for their legal claim on you

- it's vital to know which documents they will hide.

 

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 if a company director resigns that may not protect them from a bank claim on their personal guarantee for debts owed by the business whilst they were directors or partners.

Do you require a release/discharge/end/finalize or 'determination' of a personal guarantee?

If you do need to be certain of your position, you will require specific specialist advice to make sure the Personal Guarantee is no longer 'relied upon' by the bank.

 

If your business was forced into Lloyds Bank Business Support Unit, Royal Bank of Scotland/NatWest bank/RBS Global Restructuring Group (GRG) unit or HSBC Specialized Lending Unit - we know how they operate and how false defaults are engineered - lawyers don't have that specific experience or IBAS knowledge from such cases.

It is also now documented that Mandatory referrals and transfers to such units were required by those banks and that any 'breakdown' of the customer relationship (whether engineered by the bank or not) was used to refer businesses to such units.

Even the business questioning bank charging was enough to 'trigger' the bank moving that business to what are effectively 'debt recovery units'.

Then building up penalty fees and charging rates to drive up the debt being claimed - so contact IBAS with your case details and let us know whether your company is still trading - or been forced into insolvency by the bank.

Business Support Units, Specialized Lending or Specialist Relationship Managers are all terms used by the banks for those individuals specifically employed by the bank to 'rip off' businesses by forcing or 'triggering defaults' - which forced businesses into insolvency situations, where the bank could then plunder the cash flow and assets and then having brought the business to it's knees 'follow on' to demands and then enforce on Director's Personal Guarantees to take their homes.

 

 

'I found IBAS to be Impressive & professional with no nonsense. I followed IBAS strategy totally and the result was spectacular. Thanks for putting my life back on track and saving me a bucket load of money - I cannot thank you enough. I would now start with IBAS and ignore all the others who are 'selling' an imitation of these guys but without IBAS knowledge!

- AT Testimonial

 

Banks seek security for lending in many ways but the PG is the easiest and the simplest for a banker to take (and the least resisted by the customer) particularly when bankers have not been truthful and stated: ʻitʼs only a piece of paperʼ or ʻthe bank will never rely on itʻ or when security on the home is being taken - the well used phrase of: ʻdonʼt worry we will never take your home, even if the business failsʼ.

Those are areas in which IBAS has been ʻworkingʼ since 1992. We have found over time through our investigations that what was said before the personal guarantee signing or before other security for borrowings was taken is probably the most contested banking relationship dialogue. We do not think there is any mystery there

As bankers are very well aware of the legality of the signed Personal Guarantee (their banking exams specifically cover all aspects of taking valid security for the bankʼs benefit) and also how the bank will enforce on it later when required.

- it is often the ʻsellingʼ of the signing of a personal guarantee for a business which has been ʻmiss statedʼ by bankers in their quest to obtain the maximum security for their lending and in meeting their own loan/account/security targets.

IBAS investigation on such matters focus on obtaining all information and evidence to properly investigate not only the circumstances of the lending but also the circumstances around the taking of all security by the bank.

 

Once a bank has made a claim on the personal guarantee or issued a demand for payment they will be happy to oblige and provide you with a copy of it because your signed personal guarantee will be an essential part of the bank claim against you.

 

However, requesting a copy of the signed Personal Guarantee document itself does not help very much and could just waste time without any real benefit to you. There are other important documents and important questions which are necessary.

 

A fully prepared defence can be drafted with the correct arguments. IBAS know how best to obtain all information necessary for defence purposes to prevent escalation quickly to a legal debt claim and to avoid costly legal fees.

 

If you are seeking to 'control' your future but have just received a claim for a banking debt liability from a limited company guarantee or a debt claim demand from a director's personal guarantee - IBAS can help.

 

IBAS lay the 'groundwork' for successful defences by first preserving defences which exist and yes, we have assisted in many cases which have been won by our members after litigation in the County Court, High Court and the Court of Appeal.

 

 

As one of our members Testimonials stated:

 

" I discovered IBAS via a Google search for “personal guarantee advice”. Until this point I didn’t know that such an organization existed.

At the same time I had also started talking to a number of solicitors about my position.

The reason that I put my faith in IBAS was that it was clear they had extensive knowledge about PG’s. It seems to be a very specific area of law and whilst the solicitors were very gung ho it was clear they did not have as much specific expertise as IBAS.

Since taking on my case IBAS have provided detailed, accurate and realistic advice. They are comfortable handling the various tactics deployed by the banks and provide strength and support during what can become a very stressful situation. I would probably have caved in or lost had IBAS not been handling my case."

- MJ Testimonial