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Uncertain about personal liabilities as a Director of a business, and how business debt impacts your personal finances? Get your free guide for clear insights into Directors in Debt and regain control of your financial situation.
What Director’s Loan?
IIt can be difficult to know what you are entitled to take from your business and how to calculate this. Find out what is and isn’t classed as a director’s loan.
Overdrawn DLAs
If you don’t repay your DLA or, your business enters liquidation your director’s loan will become overdrawn. Discover what this means for you personally.
The Tax Implications
A director’s loan has a series of tax implications, especially if not paid back in time. Find out what these mean for you to avoid any nasty surprises.
What Happens In Liquidation
The biggest issue for anyone with a Director’s Loan Account is formal insolvency. At this point, you will be pursued personally. Explore the options available to mitigate this.
Your DLA Questions Answered
Directors’ Loans have many complex rules and can have serious personal consequences. We have answered some of the most common questions on these issues.
DLA Case Studies and Options
We have provided several real life case studies of Director’s Loan Account issues, how they were resolved and ultimately, how you can do the same.
£602,500 Saved – Personal Guarantee Solutions
We settled the £635,000 debt for just £32,500 – a life-changing saving of £602,500. Our client was understandably worried and stressed throughout the process, but her cooperation led to a resolution that gave her immeasurable relief and a fresh start.
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Resolving a £360,000 Overdrawn Directors’ Loan for £15,000!
Yes, you read that right! At Bell & Company, we specialise in strategic negotiations that deliver life-changing financial solutions. Today, we want to share a case where we helped a client avoid bankruptcy by securing a remarkable settlement. Our client…
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Construction Industry’s Ongoing Covid Debt Crisis
‘Five years after the pandemic, construction businesses continue to struggle with emergency loan repayments‘ As we approach the fifth anniversary of the UK’s first Covid lockdown, recent data has revealed the extent to which construction businesses are still burdened by…
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