On 5 June 2020, the Housing Secretary announced plans to extend the current stay on possession proceedings until 23 August 2020. This means that renters across England and Wales will now be afforded greater protection from eviction with the moratorium...
Personal guarantees are often requested when starting a business or forming a limited company. They ordinarily mean you promise to pay the business debt should it fall in to financial difficulty be unable to pay.
Our specialist lawyers can support clients when a personal guarantee is enforced by a lender. As legal professionals we can advise you on the implications of your personal guarantee before you sign to ensure you fully understand its terms. We can also become involved if a lender demands repayment under such guarantee to consider the validity of the agreement and any avenues for challenge.
For advice in relation to any aspect of a personal guarantee speak to our legal team on 01616 966 229 or complete an online enquiry form and we will contact you directly to discuss your situation.
Coronavirus Business Interruption Loan Scheme - advice to owners and directors providing personal guarantees - find out more