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. Many of the successful IBAS cases were originally turned away by solicitors because they could see no basis for arguing the debt being claimed. In fact in most of those cases the solicitorʼs advice was to settle in full with the bank - which the bank would have been extremely delighted with - as afterwards IBAS contested those cases using our knowledge and experience. That's because some bank debt claims have no legal basis on which to claim the debt alleged to be owed to the bank. Some 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. To some ʻadvisorsʼ settling a £100k bank debt claim for £50k might appear to be a good result - but if it is not proven and not legally owed it's a very poor deal. If the bank is owed nothing they should be paid nothing. It is because IBAS investigate memberʼs cases based on knowledge and experience of all banking debt recovery operations over 26 years that IBAS results are exceptional.
IBAS has specialist knowledge from IBAS investigations into UK business banking account disputes since 1992 - no other organization has IBAS experience or IBAS knowledge, which provides IBAS with 'extra' width of knowledge for our investigations in assessing strategy to produce the best results - providing you extra 'options' for your business banking debt demand or director's personal guarantee debt claim demand.
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 do not have that experience or IBAS knowledge from such cases
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 and 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. 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?
You may be a Director, Partner or Proprietor with a UK business banking dispute or business banking debt claim and seeking fully independent advice, guidance or help. You will also expect knowledgeable banking experts with long experience who will know from their experience how best they can deal with your banking dispute at a ʻvalue for moneyʼ cost.
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 over 26 years.
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.
We have also found that business bank customer in business difficulties ʻtalkʼ to their bank thinking that it may ʻrelieve pressureʼ on them quickly but without being aware that their call will be recorded and may also then ʻtriggerʼ default for any borrowings and also move matters on much more quickly for the bankʼs legal debt claim either against the business and also trigger all personal guarantees and security demands - see Discover Secrets
Those in business banking disputes are also rarely aware of how the banking debt recovery system operates or just 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 telephones to ʻdiscussʼ any matter with their bank.
If you really want to talk to somebody - talk to IBAS or better still email us to allow us to assess your concerns and respond to you - so that we may then guide you. - see Received Bank Debt Demand
We can act quickly to advise and protect you if you are facing liquidation, receivership and being threatened by bank business debt claims demands or Director's Personal Guarantee Debt Claims demands from Limited Company debts.
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 experience and knowledge is extremely important in supporting any business banking customer in dispute with their bank.
After 27 years of investigating business banking cases we know that nobody can claim they have a 'formula for guaranteed success' on business bank debt claims. But, knowing what can be achieved using IBAS strategies developed and finely tuned since 1992 - means that IBAS can 'shorten the odds' to success for your claim.
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 in cases where IBAS investigate bankers and the bank actions where business banking disputes occur.
Do you want to delay the bank progressing to a legal claim? Do you want to gain assistance to test the bank's debt demand issued on you?
See: why IBAS provides you with the best opportunity
Commercial Property Mortgages - IBAS has seen commercial property mortgages cases during the last year where the bank has incorrectly charged interest and also incorrect margins as far back as 2005 up to date. That can also mean the bank has involved their 'Specialist' bank department who have inflicted Excess and Penalty interest on Commercial Property Mortgages where they should not have done so - reducing company profits and opportunity. This is not just one bank. The amounts are considerable. The results of such bank conduct if left unchecked or unidentified where the company trading is already reduced or is under pressure will inevitably create a default. That in the circumstances outlined would represent a 'False default' which is 'created' by the bank. That creates an insolvency situation where the bank's conduct can go entirely unnoticed despite property and assets being devalued and then 'lost' by the business. At that stage, Director's personal guarantees will also be 'called upon'.
Why do you need IBAS?
IBAS has been analyzing business/commercial/corporate bank accounts and banking contracts since 1992. Our experienced 'eye' and our detailed investigation of the charging structure against the banking contracts is essential if the business is to recover fully what has already been lost to the bank. If the bank has intimated placing an account into 'recovery' or a 'specialized relationship unit' such an investigation may provide 'negotiation' ammunition and may protect your business. As all charging investigations rely on the detail from the 'paperwork' a snapshot of one full charging period is required for us to analyze and for us to then establish whether a full investigation is necessary.