Advisory work to individuals with personal guarantees and/or disputes with banks

Verisona Law has been involved in 3 cases recently where they have been asked to advise and become involved in situations where banks have reneged on previous understandings regarding the duration of loans.  This has involved lengthy investigation and correspondence with various banks as a result of which agreement was eventually reached in 2 cases and in the third the customer’s formal written complaint is on-going.

In another case the firm has recently assisted a guarantor of a company’s bank borrowing to negotiate a settlement of his share of a liability for his former company’s borrowings at less than a quarter of his potential liability.