Personal Guarantees - Should You Sign One? Part 1

What is a personal guarantee, and should you sign one to help a family member or a friend? Would your personal assets be at risk if you become a guarantor? Could you limit the value of your assets that would be at risk if the debt was not repaid by the borrower that you helped out, and if the guarantee got called in? How can you challenge a personal guarantee that you have signed, if you wanted to put an end to your responsibility as a guarantor? Becoming a guarantor is a very serious consideration, and in this episode we give you the answers that you NEED to know, if you are considering becoming a guarantor, and information you should have as part of your general knowledge of our laws. Listen to our host Hatti Suvari and seasoned Barrister Rebecca Jones to get quick, jargon-free legal information and tons of top tips, in plain and simple English!#personalguarantee #businessloans #personalassets #loans #borrowing #legallearning #getlegallyspeaking #hattisuvari #rebeccajones #23essexstreetchambers Hosted on Acast. See acast.com/privacy for more information.Learn more about your ad choices. Visit podcastchoices.com/adchoices