I have written to HSBC to clarify the debt over 3 weeks ago but I have had no reply, how long should I wait.

I have read thru guarantee, basically reads amount payable under this guarantee limited to £13000 interest at 3% above base rate from date of demand which was 2011. In liquidators report in reads under secured creditors, The company created debenture incorporating a fixed and floating charge in favour of HSBC (same date of guarantee), at date of liquidation the companies indebtedness to HSBC was est £30k and a claim of 39k has been received. Dont know what that means, could you please let me know in plain english. Thanks

I already have a statutory declaration stating the debt isn't mine, should I get one that states the debt is other signaturee. I think the total debt is 30k owed to HSBC by other signaturee and they may have linked accounts (just guessing) I assume my debt is 13k thats what i signed for on the guarantee(guessing again) thanks

their are two signatures. yes i have a mortgage yes i am talking to other signaturee regards

i'm afraid not.

I checked with solicitor they said I have to pay, a personal guarantee remains until you request to be released from it. Yes I received a copy of guarantee from HSBC.

Hi, I am a new user and would appreciate some advice on my situation. As director I jointly signed a guarantee with HSBC in 2002 for an overdraft of £13,000 I resigned as a director of a company in 2003, which was done hastily, and left to the accountant to sort out. (foolish I know) The company was in good credit at the time of resignation. In 2011 I received letter from HSBC quoting " the above company has been placed into liquidation on July 2011, attached is a letter in respect of the Guarantee you have given this company. After explaining my situation to HSBC they advised me that they would not release from the guarantee, but would not pursue me if the existing director and guarantor paid the debt. (which he hasn't) The debt was passed to Metropolitan Collection Services, who ignored all correspondence from me. Now i've received a letter from Wescot demanding over £30,000? I rang them to tell them I didn't owe any money to anyone, they couldn't even find me on there system? Is there anything I can do, I have a statutory declaration from the other director stating that I don't have anything to do with this debt or the company. Regards PC