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measha

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  1. Please can you help in offering any advice: I am the majority shareholder of a small limited company that due to the recession needs to be closed asap. We will owe the bank money when we close. This is the only debt we will have. The overdraft is £25k. We currently hold £33k full RRP of stock. I signed a personal guarantee for the bank overdraft when we originally took the overdraft out on 02 June 2008 for £20k. We then increased the overdraft limit to £25k in 2011. I never resigned the Guarantee for the increase from £20k to £25k. In winding the company up and deciding the best option to do this, I had to request a copy of the Personal Guarantee form I signed as for some reason I did not have a copy in my file. When I received this from the bank my signature and the date of 02 June 2008 were on the form but the first page referred to the limit as £25k. The limit was never £25k in 2008. I believe the bank have doctored the form. Do I have a case? Many thanks in advance P.S. the bank is Natwest
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