0845 225 2635

Personal guarantees

With the current banking climate, high street lenders are increasingly looking at using personal guarantees as a way of securing their lending and eroding the limited liability status of a limited company.

For legal advice call us on 0845 225 2635 or ask a question

Personal guarantees

Personal guarantees are also known as PGs.

Directors will be asked to guarantee their company’s debt. If the company defaults on payment, the lender is entitled to pursue the director personally providing the guarantee.  In most cases, it does not have to pursue the company first or indeed at all.  This can mean that a director is at risk of losing his home and personal assets.

We would strongly advise and would suggest that it is imperative that any director entering into a personal guarantee takes legal advice before entering into such an agreement.  Our commercial solicitors are experienced in not only advising clients on entering into a personal guarantee but what will happen when a lender enforces the personal guarantee. Please email info@ironmongercurtis.com or call 08452252635 for more information.

Why choose us?

  • Regulated by the SRA and law society
  • Latest Legal Management Systems
  • Guaranteed open & honest fees
  • Keep you up-to-date throughout your case
myhr toolkit myhr toolkit laptop

We recommend this HR software to our SME clients.

Take a look Free trial

For business law advice call 0845 225 2635

Top