Recent content by Lucas Johnson - IP's

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    Any experience of personal guarantee claims?

    Your reply is standard practice - how can they accept a settlement without knowing what you have to give, so fill it in and send it back. The bank don't have to stop charging interest, you can ask but there are no guarantees. They don't have to wait for the liquidator either as you've...
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    Any experience of personal guarantee claims?

    1. What will the bank receive from the liquidation? This should be taken into account by you in a settlement offer. If they are to be paid in full (unlikely in my experience but your set of circumstances may be different) then point this out to them. 2. They will accept a commercial...
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    Pre pack administration and debtors

    The debts or proceeds from sale of the debts will go to the old company for distribution to creditors so the company itself and/or its directors/shareholders don't get the benefit. As for you being owed by a company that might be about to go into a Prepack, what is the debt for -...
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    Pre pack administration and debtors

    1. If the debts were factored then those customers must continue to pay the factoring company 2. If the debts weren't factored then the customers must pay the Administrator, unless 3. The debts were sold by the Administrator to a new company then the customers must pay the new owner of those...
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