How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JGM Your Own Question
JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11550
Experience:  30 years as a practising solicitor.
31090051
Type Your Law Question Here...
JGM is online now

my company was dissolved on 4th november 2013. I have just

Customer Question

my company was dissolved on 4th november 2013. I have just received a letter from the banks solicitors saying they are instructed by my Bank to pursue me for a guarantee I gave as security for the debts on my fathers property they are saying they are going to repossess the property if the debt is not paid.
My question is can they claim this debt after the company was dissolved?
Submitted: 2 years ago.
Category: Law
Expert:  JGM replied 2 years ago.
Thank you for your question.
Yes they can. The personal guarantee operates whether or not the company is still in existence.that is what the personal guarantee is for; to make sure that there is someone who can be pursued for the debt in the event that the company is unable to do so either financially or because it has been dissolved.
Please leave a positive response so that I am credited for my time.
Customer: replied 2 years ago.

thankyou for your response I now know when I stand

Expert:  JGM replied 2 years ago.
My pleasure. Don't forget to leave a positive rating so that I am credited for my time.