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Directors’ Personal Guarantees

Whichever form of guarantee you require, our lawyers can assist.

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Directors’ Personal Guarantees

A guarantee is a legal commitment to repay a debt where the original borrower has defaulted on their repayments.  In essence, the person providing the guarantee will “step into the shoes” of the debtor.

A director’s guarantee may be required where a lender is providing funds to a limited company.  A director’s guarantee entitles the lender to pursue the director in his or her personal capacity if the company defaults on the repayments.

When a subsidiary company borrows funds, the lender is likely to seek a guarantee from the parent company.  This is often referred to as a “cross company guarantee”.

Whichever form of guarantee you require, our lawyers can assist.

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Please submit your information and a member of the Poole Alcock team will respond to you as soon as possible. If you have a quick question, please feel free to call 0800 389 7093

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