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Personal Guarantee Question

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  • #1

    Personal Guarantee Question

    I am a joint Director of a company with personally guaranteed debts. I have funds to pay my half of the debt in full, the other director has funds to pay half of what HE owes (a quarter of the overall debt).
    The company has a CCJ and so cannot replace the loan with another in the other directors name.
    Is there a way to protect myself and my family in this situation should the other director default on the remaining payments?
    Could he provide a personal guarantee to me?
    Tags: None
  • #2
    bounce back loan from government? doesnt look at credit scores , low interest

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