They are claiming £47k off the back of the personal guarantee (which covers up to £143k)
The other £250k they aren't using the personal guarantee - just standard loan agreement (para 15 of POC)
Can you give a bit more info on the loan. They have it as being in your personal name and your wifes. If it was a business loan should it not have been in the name of the company. Is your wife involved in the company?. Was that loan secured ? Do you have any paperwork for it ?
The other £250k they aren't using the personal guarantee - just standard loan agreement (para 15 of POC)
Can you give a bit more info on the loan. They have it as being in your personal name and your wifes. If it was a business loan should it not have been in the name of the company. Is your wife involved in the company?. Was that loan secured ? Do you have any paperwork for it ?
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