At The Horizon Group we see more and more issues in relation to Personal Guarantees.
Personal Guarantees come in many different forms and can vary considerably.
You may be about to sign a Personal Guarantee or you may be in a position needing to defend one, wherever you are in the process we can help
The term personal guarantee refers to an individual's legal promise to repay credit issued to a business for which they serve as an executive or partner.
Providing a personal guarantee means that if the business becomes unable to repay the debt, the individual assumes personal responsibility for the balance.
However there are ways to challenge PGs depending on various actions.
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