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Personal Guarantees (PG)

When is company borrows money or receives goods or services, a creditor may have asked you for personal guarantee.

Capital Allowances

How Can We Help?

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Challenge

The problem with a personal guarantee is that, personal assets, your home, savings, car etc. are at risk. This can be at the most challenging time when not only is the business insolvent but facing personal action can be extremely stressful. We can help.

Solution

There are a number of tools we can use to help you deal with the personal guarantees:
1. We can look at setup an agreement with the creditor for time to pay. We will create a cashflow forecast for the debts.
2. We can make an offer to reduce the amount owed to the creditor
3. We can look at what assets should not be legally affect by the insolvency


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