Posts Tagged ‘business debts’
Personal Guarantees – IS MY HOME AT RISK?
Personal Guarantees – IS MY HOME AT RISK? Personal guarantees are a scourge on entrepreneurial life which very often rear their heads during economic downturns and specifically with a business failure. A Personal Guarantee is sought to typically cover: Limited company finance, in whatever form, to bring as the finance provider would see as a…
Read MoreCan I be considered personally liable or be pursued for the Debts of my Business?
A primary question that many will ask as their Business beings to fail is, “Can I be considered personally liable or be pursued for my business debts?” SOLE TRADERS/PARTNERSHIPS Many people in business will operate as an individual, Sole Trader or Partnership. If this has been your chosen trading style, it is most likely that…
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