Our business is Limited. We took out a business overdraft in Sep 09 for £17k and had to sign (my husband and I) a personal guarantee. The Business Mgr told us not to worry as they would not come after bricks and mortar. They would take any money we had, if we had any, but not the house...I think we signed naievely (spelling?) as if we have no personal cash and the company goes insolvent, from what I have read, it looks like they will make us repay the debt personally. So much for "limited" protects individuals. Looks to me like this is a sure fire way of making sure the bank gets paid first as they can make personal demands on us where the companies we owe cash to cannot. any thoughts or advice gratefully received. We are not at breaking point yet but have bills we cannot pay, trying to rob Peter to pay Paul but it will not work for much longer so cannot really see a way around insolvency...also concerned it seems to cost a fortune to go insolvent. Do you have to "employ a company" to do it or is there another (free) way?? Thanks!!