Personal Guarantees and Limited Companies

Did you know that you can protect yourself from debts owed by Limited Companies by obtaining a Personal Guarantee from a Director.

In a recent case we successfully recovered monies owed by a Limited Company from an individual on the basis of a Personal Guarantee signed by the Director despite that Director winding up the Company and then claiming the Personal Guarantee was not valid.

For further information on this and any company commercial law issues please contact Elaine Smith, Partner and Head of the Company Commercial team on 01903 229924 or es@bennett-griffin.co.uk

The information contained in this article is for general guidance only and is not intended to be legal advice. Professional advice should always be taken on the application of the law in any particular situation