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About Me


Found 7 results

  1. Hi, firstly as a regular viewer of the site but very rare contributor, thanks for all the information put out there (particularly by the site team and the very frequent contributors) to assist us mere mortals, it really does help to know you're not alone. The following situation might be of some general interest in terms of the above areas and I'd welcome any comments, positive or negative. After sadly putting our business into liquidation in 2010, I'm now being chased by the bank (no names yet, don't want to give them any warning) albeit some two and a half years later, for the pers
  2. Could any one help me I have a problem with a Personal Guarantee which is held by a bank and they wish to enforce. This was a guarantee signed to cover the liabilities a Ltd company which I was the sole Director of. I have spent the last few years tussling with this Bank and they have now issued proceedings in the High Court to enforce there Guarantee. I a have no choice but represent my own case in this matter. They also have first charge over a property however the address written on there documentation does not match the property which should be the subject of the guarantee rather it i
  3. 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 ad
  4. I had a debt of circa £18K to HSBC due to a personal guarantee. In Nov 2007 this was sold to Robinson Way and I made regular payments up until April of this year. In total I have paid 12k. After April I tried to negotiate a full and final settlement, but we could not agree. I submitted a SAR, and I received the information today. They sent me a copy of the personal guarantee and here it states "The aggregate amount payable by you under this guarantee (which includes the amount due under the indemnity in clause 15) shall be limited to the sum of £10,000.00 (Ten thousand pounds s
  5. Hi there, I really hope someone can offer some advice, i'm going around in circles with the bank and despite making every effort to resolve my situation, the bank are continuing to be aggressive. My husband and i ran a successful business for 7 years, which held a £10k overdraft which we jointly guaranteed. Due to losing our biggest customer, and the immediate withdrawal of credit limits by our factoring company for a few of our other significant accounts, we sought independent advice from an IP and were advised to place the company in to voluntary liquidation in March 2012. It
  6. Hi All, As a newbie I would just like to thank all the posters who have helped provide re-assurance and advice since my Ltd Company went into administration in 2009 and all the resulting issues I have had to deal with since then! My latest problem is that when the company was trading I (stupidly) agreed to a charge on our family home to support a business loan. I had also signed a personal guarantee for the business overdraft. In the ensuing 3 years I have had to deal with personal bankruptcy, however we have managed to hang on to the family home, aware though that NatWest still
  7. Hi, I am a director of a company that got in trouble with the secured lender who has now placed us into administration, and the administrator within 3 minutes of arrival went straight into selling the assets (real estate). Both myself and my spouse signed a personal guarantee document that states: You agree that none of your liabilities underthis Guarantee shall be reduced or affected by: the death, insolvency,bankruptcy, liquidation, administration, winding-up, incapacity, limitation ordisability of the Borrower and/or any other person Does it mean that even our personal ban
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