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Top Tips for Company Directors facing a Personal Guarantee Claim

Seek advice early – As soon as you receive a demand against you then get some advice. Ignoring it or delaying will not make it go away and early advice is crucial to understand your obligations/liabilities / legal position and potential courses of action.
Review the personal guarantee paperwork – Thoroughly review the terms of the agreement. This can help you understand what has triggered the personal guarantee and your liabilities concerning it.
Document everything – Maintain detailed records relating to the guarantee, especially all communications with the lender. Financial statements will more than likely be needed so find copies of these.
Assess your current personal financial position – Understanding your assets, liabilities and overall financial health is key to making informed decisions about how to move forward.

Dealing with personal guarantee claims can be a highly intricate and stressful process, demanding a deep understanding of insolvency processes and legal intricacies. At Personal Guarantees UK, we’re here to shoulder that burden for you. Our team is equipped with the knowledge and expertise to guide you through every step, alleviating the stress of dealing with creditors. We work tirelessly on your behalf, leveraging our experience to secure the best possible settlement tailored to your unique financial circumstances. Your peace of mind is our priority – let us navigate the complexities while you focus on a smoother financial path forward.

If you are facing a claim then please get in touch for a free initial consultation on 0333 8801791  email or fill in the contact form on the website and we will be in touch. 

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