A Bank - Personal Guarantee claim Ł300k

**Amethyst** · 27th February 2014, 10:46:AM

Re: A Bank

The bank have asked for it to be heard at your local court. It will be transferred there after the directions questionnaires are in.

So you want to fight ? Because this particular bank do this to people far too often.

**Amethyst** · 27th February 2014, 10:47:AM

Re: A Bank

Originally posted by wales01man View Post

When I had a LTD company Overdraft that I was guarantor for I signed the personal guarantee once 4 years lates the OD had risen 5 fold I was still liable under the original guarantee they had the paperwork to prove this is this the same here?

We'll know when we see the discharge papers. They are only claiming 46k under the PG which covers up to Ł143k.

**hush puppy** · 27th February 2014, 10:49:AM

Re: A Bank

Yes i don't think we have done anything wrong in this case we were a victim they tried to bully us into signing this agreement and we we told them we had paid it for 5 years with no problem they started there tactics we have never signed for the large loan so it was raised on the company accounts no on personal earnings so i have no option than to go to war

**hush puppy** · 27th February 2014, 10:55:AM

Re: A Bank

What are discharge papers i thought you got them after military service does that mean i could end up peeling spuds

**hush puppy** · 27th February 2014, 10:57:AM

Re: A Bank

The original loan which the guarantee was written for was paid off in 2008

**Streetwise** · 27th February 2014, 11:21:AM

Re: A Bank

What Bank is this.:beagle:

**Amethyst** · 27th February 2014, 11:26:AM

Re: A Bank

The one being investigated for set up to fail and posted a loss of Ł8.2bn today.

**Streetwise** · 27th February 2014, 11:37:AM

Re: A Bank

Originally posted by Amethyst View Post

The one being investigated for set up to fail and posted a loss of Ł8.2bn today.

Thought as much, the Bank that was allowed to trade when insolvent.

**hush puppy** · 27th February 2014, 13:43:PM

Re: A Bank

As you can see the things are not straight forward i have a distant relation quite high up in this bank and when i asked about the chap who had his restaurant repossessed they said there was more to this than had come out no i can speak from experience they try to bully you into submission and if they can't then they withdrawn your lifeline

**hush puppy** · 28th February 2014, 15:24:PM

Re: A Bank

Amethyst
Site Admin

Did you manage to have a look at the documents i sent over if so what do you think it looks like have we got a chance of defending this action

**Amethyst** · 1st March 2014, 09:49:AM

Re: A Bank

Yes, unfortunately the documents don't discharge you of the personal guarantee so their claim against that will be deemed valid. A Personal Guarantee is a stand alone contract between you and the bank and covers basically everything you ever borrow off the bank under the company name, it isn't attached to a specific loan or card or account. So unfortunately it will most likely be deemed valid.

What I am having trouble piecing together in my mind is how the Ł250k loan fits in and how, if it was taken out by the Ltd Company it is included in this personal claim.

I'm going to redact everything now and post it up so others can have a look and hopefully spot what I am missing.