The Madgwicks Financial Litigation Team advises commercial and private lenders in mortgage recovery and security enforcement as well as assisting with the recovery of unsecured loans or commercial loans including debtor finance and equipment finance.
Our experience representing borrowers and guarantors uniquely positions us to successfully document and serve default notices, issue court proceedings and recover funds or property. We are also very familiar with the typical defences and arguments run by borrowers and guarantors.
For those who have been served default notices, Madgwicks can advise you on your best course of action to reduce the risk of having your goods repossessed and where able, avoid the possibility of personal bankruptcy or administration.
Whether you are the lender, borrower or guarantor, the time to act is now; immediate action can avoid court proceedings or exposure to having to pay their whole debt and not just the arrears. Many lenders are lenient on those experiencing financial hardship and we are well positioned to provide you with a recommended course of action. After all, they just want you to be able to pay the loan back – they’re not in the business of selling off assets.