geniej
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I have 2 limited companies both with bank accounts at the same bank.
I took out an 80k loan 18 months ago with a PG on company 1.
Unfortunately I have been advised to liquidate the company or risk insolvent trading.
I can maintain the payments with company 2 and my property has no mortgage and is worth 80K.
If i approach the bank is it possible to move it onto company 2 or will i have to pay it off?
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Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS
Liquidation & Moving a personal guarantee
in Business Bank accounts and charges
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Sorry my Home is worth 300K not 80K.