If this sounds like you
I have signed personal guarantees
Separate company debt from possible personal exposure and identify the documents that matter.
You may recognise this
- A bank, landlord, supplier or finance provider mentions a guarantee.
- You do not remember the guarantee terms or cap.
- You are worried a company failure could affect personal assets.
What to do now
- Find the signed guarantee and underlying agreement.
- Identify demands, caps, security and co-guarantors.
- Obtain independent advice about your personal position.
What to avoid
- Assuming every guarantee is identical.
- Moving personal or company assets to put them out of reach.
- Signing replacement terms without understanding their effect.
Useful information to gather
Do not wait for everything to be perfect. Start with what is readily available.
- Signed guarantee and facility documents
- Latest lender statements and demands
- Details of security and co-guarantors
Why timing matters
Earlier action can preserve time, information and choice. Waiting for certainty can allow cash, legal or creditor deadlines to decide the next step for you.
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Related next steps
This page provides general information, not advice about your company or personal position. Formal deadlines may require immediate advice from a solicitor or licensed insolvency practitioner.