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Archive for April 2019

A Guide to a Directors Personal Guarantee

What is a personal guarantee? Why would I need one? At the height of the business boom, banks frequently provided loans to companies. But, banks often required that the directors of these businesses sign an agreement, A Personal Guarantee. If the company is unable to repay these loans, the signer, or guarantor, would be personally…

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What is a Zombie Company?

what is a zombie company?

    What is a zombie company? A zombie company is simply a company that is neither dead or alive. In other words, the company is so overwhelmed by debt that any cash generated, is being used to pay off the interest on the debt owed to creditors. In many cases, the debt is not…

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