WestCorp UK - Assisting business owners & consumers to tackle debt related issues from unhelpful Bankers and lenders, in a mediative and pro active manner.

Protecting their own assets and highlighting consumer rights under the current laws to their benefit.

Specialising in Business Recovery & Restructuring Management Buy Outs Sales & Insolvency Cover Plans.

Also assisting with Personal Debt matters, covering Mortgage Arrears Repossessions and a host of consumer & Commercial finance court related problems for all our clients UK wide.



WestCorp UK - Get Covered Now With Our - Bizsafe & Housesafe Insolvency Cover Products.

The Need For Insolvency Cover:

In todays economic environment it is important to try and read the road ahead and consider any potential future business or personal financial problems.

What if your bank requested your Personal Overdraft be cleared off or your business was hit with a large bad debt default, VAT or Inland Revenue assessment or investigation ? What if your bankers decide that they need further security to cover your borrowings or decide to reduce your facility in a particularly difficult trading period.

Ask yourself seriously, what contingency plans you have in place. Can you weather the storm of the current recession ?

Protect Your Home Equity & Business Assets - With An Equity Asset Protection Plan:

With a projected 40,000 firms to go under in 2009 and current personal insolvencies predicted at 340 individuals per day and repossessions climbing, how would you and your family cope with the loss of your business income or home if secured to a lender ?

What would you be left with ? Then compare that with what your lender or creditors would claim for. WestCorp - Protecting the equity within your home or business since 1993.

Home Equity & Asset Protection Plans With Insolvency Cover - How They Work:

Each Insolvency Cover Plan (ICP) is quite unique and fashioned with the particular requirements of the individual client. The (ICP) once created secures all listed unencumbered assets, equity, plant and equipment, fixtures and fittings etc associated with the clients business or personal assets that a client may wish to cover.

Through WestCorp solicitor agents a listing of agreed assets are secured to the client's Insolvency Cover Plan. The ensuing legal documentation is registered through the appropriate bodies. The securities used to align assets to the client's (ICP) are powerful legal instruments tied under contract to the client's Insolvency Cover Plan. All (ICP) contracts designate the value of the service of the (ICP) over the contract term. It is these services and other provision account values which each Insolvency Cover Plan legally secures against the available assets.

As a consequence of this any and all client assets can be covered, provided the ownership of such assets resides with the client at the inception of an agreed (ICP) contract for cover. Please check out our detailed Client Fact Sheet

In essence once a client has applied for Insolvency Cover and WestCorp agrees to legally accept that application, the client's Insolvency Cover Plan once approved and created has a legal say in the client's business affairs, should future difficulties arise.

The client's (ICP) continuously moves in parallel with the client's trading business. The (ICP) has effectively thrown a net of protection over the client's agreed and listed assets throughout the client's trading career until retirement or sale of the business. As ownership of the Insolvency Cover Plan belongs to the applicant or his / her heirs, the client can at any time release or add assets to the (ICP) as and when required. We act as managing agents administering under client instructions all matters relevant to the (ICP).

The Law - Tax & Accountancy Implications.

The Insolvency Cover Plans are issued in the UK and subject to UK Law. (Unless a Plan has been specifically designated by the client as an offshore cover plan). All UK Companies House documentation is handled by WestCorp. All UK statutory requirements are complied with by WestCorp. (Non compliance can lead to a fine). WestCorp maintains a registered office facility for all Plans. (This is not a trading address). WestCorp administers and maintains all statutory obligations in respect of all Insolvency Plans throughout the agreed contracted term and in accordance with client wishes. All UK tax documentation is handled by WestCorp's administration centre. Statutory year end accounts are handled by us and our agents and submitted each year. Statutory returns are made, as are all tax enquiries regarding the plans.

A Practical Way To Safeguard Your Interests:

It is clearly essential for any business or individual or a new business to consider protecting hard earned assets from the pitfalls of granting securities to bankers, lending institutions, preferential or trading creditors. It is also prudent for individual business directors or owners who have given guarantees and securities for existing or new facilities; to protect primarily their homes and personal assets against future unforeseen business problems.

We offer two of the very best online ebooks that we are sure will be informative and helpful; the best "Corporate & Consumer Debt eBook v3.0" ever and the highly popular and exceptionally detailed "Beating The UK Debt Machines" providing a detailed review and comprehensive insight into UK debt and the workings of the UK lenders that have created such an environment of misery. Both can be purchased and downloaded from this site.

With an Insolvency Cover Plan in place a client can reduce the prospect of a lender or creditor for whatever reason, railroading their business into terminal oblivion and closure. All to often lenders, without proper warning to clients, reduce facilities and call up securities trying to cover their exposures caused by external factors not related to the client/s in question - This can cause serious financial problems and much mental anguish.

Insolvency Cover Plans break the cycle of clients being left on the hook by unhelpful bankers - ICP's protect and secure you and your business future and ultimately your family. Please review our full Product Schedule.

An (ICP) can protect you or your business against future creditors and their security instruments, subject to the nature of securities given and available equity. An (ICP) can secure encumbered and unencumbered assets.

Bankers & Lenders:

In many instances bankers and lenders will require security for either new or existing borrowings. By signing a Personal Guarantee or Corporate Bond & Floating Charge individuals in essence sign away their right to control their business to the lender, if later on trading difficulties occur within that business. Without fear or favour lenders will pursue clients to the bitter end under the obligations they have agreed.

Lenders legal departments are generally a separate body empowered with the sole purpose of conducting legal representation for the lenders affairs, consequently the borrower becomes just another number on their files and the sleeping giant with all its legal recourse is awakened to consume all that you own in settlement of any outstanding secured and unsecured debt.

If a client has signed securities to a lender, such as a second charge or other securities, that effects their business or individuals assets, then the lenders legal department will stop at nothing to recover or re-claim the liability amount plus interest and costs in full.

Don't you think it maybe time to read the road ahead - Protect all that you have worked for against potential unforseen problems - With a Homeowner Equity & Asset Protection Plan.

WestCorp Group 2009.