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Independent Banking Advisory Service Frequent Questions and Answers

Updated 21st February 2024

 

Surviving UK Business Banking Debt Claims

 

IBAS has 30 years continuous business banking dispute investigations and negotiations experience with UK lenders - providing professional,

UK Independent Business Banking Debt Claims help with confidential guidance and direct assistance to UK businesses, directors and proprietors - direct assistance provided.

By 2002 Independent Banking Advisory Service had already obtained in excess of £21 million in refunds, write-offs and write-down of bank debt for Business Banking customers from our successful investigations of UK Business Banking Disputes

 

There is no other organizations or entity like IBAS - we are truly unique in what we do and how we do it.

 

Who has IBAS helped and who can we help now?

IBAS members are or were involved in a business or in guaranteeing a business in which often they had no control. Many have come to IBAS with problems and disputes with which they were deeply unhappy. Often, feeling they had been 'ripped off' by their bank, partners or co directors.

Many have lost businesses or personal assets due to business failures and sometimes also their personal homes. Many of those emailed IBAS in desperation when they thought there was nobody who understood or wanted to help. Many had also been told by 'professionals' that their banking problems or banking debt claims were indefensible or stood no chance of any success.

Fortunately, IBAS were able to help many over the years to defend, keep their homes, negotiate or to win. All of those who succeeded started by emailing IBAS with their worries (probably seeking confirmation that we like all the rest could not help) and were then very surprised by our interest, our support and our direct assistance. We have been able to make a difference for a great many over 30 years.

Maybe you are now 'sitting on that fence' just worrying and procrastinating - if you are then you do need to find out if we can help you - please email us with your concerns - a problem shared (with total confidentiality) may provide you with practical and confidential assistance and a successful outcome. It costs very little to find out and even a small piece of information may be of value to you.

If you truly believe you have a legitimate complaint against your lender in your business banking dispute or believe you have a defence to the bank's debt claim for a business banking account debt dispute contact IBAS - we know that IBAS knowledge and our banking information from current and historical case work is essential for your survival.

So that we do not waste your time or our resources your enquiry needs to provide us with information about your problem - so that we can find how best to help you - we only offer membership to those we believe we can help.

 

Contact IBAS to quickly obtain practical and confidential assistance

 

WG Testimonial to IBAS said:

"The 'peace of mind' was worth every penny of IBAS membership.

I am now 'free' from the bank personal guarantee debt claim.

We are totally indebted to IBAS for their expertise and absolute integrity in gaining that position.

Our resolution was incredible. We would recommend IBAS to anyone faced with a serious bank debt claim."

 

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IBAS coaching and tactical guidance for dealing with Banks and Lenders Debt Recovery Units is available to our members.

 

As an IBAS member Testimonial said: "What benefited us the most was your concise & well thought out advice, very good knowledge/experience of how the banks work, prompt responses and sensible/pragmatic approach".

 

Q. Why is IBAS different from all other advisors?

 

A. IBAS has over 30 years continuous business banking dispute investigations, negotiating experience, specialist banking knowledge and expertise from a large number of business banking debt dispute and demand claim cases.

 

IBAS 'case work' and extensive 'in house' research has often eliminated a business banking debt claim.

 

IBAS business banking dispute negotiating experience has also provided IBAS with a proven strategy for successful bank negotiations, bank defences and bank claims.

IBAS case work investigations show that Director's Personal Guarantee Bank debt claims and Business Banking Debt claims can also hide unfair 'overcharged' accounts and 'overcharged' fees.

IBAS successful bank negotiations have been considerably enhanced by IBAS 'in house' business bank account investigations which have provided us with evidence on all major banks.

IBAS do not accept debts claimed by a lender on 'face value' and IBAS investigation of Banking debt claims for companies, Director's Personal Guarantees, Company legal charges and security are always carried out prior to any negotiation with a bank or lender.

IBAS is an economic, professional, confidential guidance and direct assistance organisation available for UK Business banking problems and disputes and IBAS is an organisation which can help you with bank litigation.

 

Q.What is IBAS? and is it really unique?

 

A. Yes, IBAS is a totally unique and we are a non profit organisation run on a membership basis for members.

We provide professional, confidential guidance and direct advice and assistance to UK companies, company directors and proprietors under membership assistance.

 

an email to IBAS for information will help you quickly obtain practical confidential assistance

 

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 IBAS knowledge of business banking debt recovery strategy has provided expertise to business customers.

Utilizing our specialist banking knowledge is the key to our member's success in some almost miraculous settlements.

 

Q. My solicitor has been dealing with my bank for years, he knows the bank well, wouldn't it be better for him to deal with my business banking dispute?

 

A. There are considerable cost benefits using IBAS for business banking concerns and disputes because IBAS examine case papers or banking accounts with a specialist and very experienced 'eye' under a membership.

Our membership structures are much less expensive than using a specialist forensic accountant or specialist solicitor.

IBAS specialist knowledge and experience is unique and It's been gathered from the many banking/lender investigations into business banking account disputes and bank mistakes as well as Litigation cases over 30 years.

That expertise from case work is extremely valuable and that is also why we require membership.

IBAS knowledge and experience is used in every 'case' we accept for investigation. That also means a fully prepared argument for Regulators, Court defence or claims can be drafted by our paralegals using the correct arguments.

 

That also means very expensive accountants, solicitors or even more expensive barristers are not necessary in 95% of our cases.

IBAS early involvement in a business banking case can prevent Bank Litigation and escalation to a Bank's legal claim and Judgment

 

AS Testimonial for IBAS

 

'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'

 

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.

 

TM in his IBAS testimonial 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

 

 

Q. Why use the Independent Banking Advisory Service (IBAS) for your Business Banking Dispute?

 

A. As a Director, Partner or Proprietor with a UK business banking dispute you will be seeking fully independent advice, guidance or help and expect knowledgeable banking experts with experience who will know from their experience how best they can deal with your banking dispute at a ʻvalue for moneyʼ cost.

IBAS established in 1992 and is totally independent and IBAS business banking investigations have been the ʻcorner stoneʼ in the many successful IBAS cases and resolutions since 1992.

IBAS are fully aware of how much information banks hold when they demand payment for business banking debt claims or directors personal guarantee debt claims - that knowledge was gained from the many meetings with Bank Debt Recovery teams.

IBAS are Business banking account investigation experts - email us with your concerns and we can guide you.

 

Q. I have a Director's Loan Debt and Director's Personal Guarantee debt from a Business - how can IBAS help me?

 

A. IBAS guide members with their case for the business banking customer to be able to fully understand their position.

Advice is 'tailored' using a strategy evolved from our business banking experience over 30 years.

IBAS is the only non - profit organization of it's kind in the UK operating in this very specialist area.

Each case is different and an email to IBAS will ascertain how best we can help you - email 'links' are provided on our web site.

 

Contact IBAS to quickly obtain practical and confidential assistance

 

see: Comparison On Joint & Several Personal Guarantees

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Q. My friend signed a joint & several PG but is no longer involved in the company - what can they do

 

A. Joint and Several Director's Personal Guarantees debt claims can impact on directors personal assets and also on the personal or marital home as they are often the largest asset.

Therefore, your friend requires very specialist help and advice on his 'case'. IBAS can provide specialist and specific advice and also direct assistance which is tailored to your specific requirements.

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 director or 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 require to 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.

 

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Q. I've looked at business web sites seeking banking help with my business because my bank is difficult - although my business is well established. I feel the bank is taking advantage of both me and my lack of knowledge and also my time because I run my own business.

I feel somewhat harassed by the bank's treatment and their motivation. What do IBAS do?- Also how can IBAS help me run my business effectively?

A. IBAS is a unique business banking customer help and assistance organization, which directly works with you and your business.

We will advise you how best to deal with the business banking dispute or bank debt claim issue/s but can deal directly with the bank - so that your business can run smoothly without constant bank 'bullying'.

 

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Q. Why does my business need IBAS to know if we are being overcharged when I employ accountants to audit my business?

 

A. Accountants are required by businesses as a normality for general accountancy work and tax returns.

IBAS are Business banking account dispute investigation experts and specialists in banking charging and banking contracts.

IBAS specialist investigation of the business banking charging structure against the banking contracts is essential if the business is to recover fully what has been taken by a bank.

If the bank has intimated placing your account into 'recovery' or a 'specialized relationship unit' IBAS account investigations can provide specialist 'negotiation ammunition' to protect you and your business.

 

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Q. My bank is asking me to pay them £55,000 for a debt they claim my business owes them. I don't think it's owed. Can you help?

 

A. Business Banking help and advice for director's personal guarantee debt or debt for limited company guarantees is a large part of what IBAS provide to customers of banks and lenders.

We assess and investigate UK business banking debt claims issued against UK Businesses by UK banks and also director's Personal Guarantees which secure those debts.

After an IBAS investigation many bank claims fail.

 

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Q. My bank is demanding money from my Personal Guarantee for a Limited Company Debt. They seek almost £110k. My friends suggest I enter into a Debt Management Plan. I don't think it's owed. Can you help?

 

A. Debt Management Plans ( DMP's ) are arrangements to Pay your debts 'as claimed' by the lender through licensed Charities or companies who arrange DMPs - many of these are directly or indirectly funded from percentages paid by banks from the debts collected or by bank/lender donations.

Once a DMP is arranged and payments are made the debt cannot be disputed because the debts have been accepted.

The debts claimed are not disputed or investigated by Debt Management Companies.

Therefore, if you have concerns regarding the debt being claimed by your bank - those concerns need to be properly investigated before payment proposals are even considered.

Otherwise, possible defences to the lender's claim will be lost.

That then also means any possible negotiations to reduce or defend the lender's claim will also be lost.

 

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By 2002 Independent Banking Advisory Service had already obtained in excess of £21 million in refunds, write-offs and write-down of bank debt for Business Banking customers from our successful investigations of UK Business Banking Disputes

 

Contact IBAS

 

IBAS has featured on BBC TV, BBC Testimonial for IBAS BBC TV News, ITV News, Meridian TV and Sky TV News since 1992 and contributed banking editorials and business banking articles for Sunday Times, Times, Daily Mail, Daily Express, Telegraph and Daily Mirror.

 

Independent Banking Advisory Service (IBAS) - launched in 1992 and are UK Specialist Business Banking Dispute Resolution Experts assisting and advising UK Business Bank customers with UK business banking account overdraft, loan disputes and business banking debt disputes.