I took over a gym -LTD company 12 months ago investing my entire Army pension and taking over a 15k guaranteed over draught from HSBC. I did all of this without taking legal advice or having a solicitor. The gym hasn’t worked and the over draught is now 19k and the gym will be liquidated. A wealthy entrepreneur is thinking of investing and believes with his legal help, they can free me from the over draught on the grounds that i went into the agreement without legal advice. Now this seems too good to be true, but this entrepreneur is well know and has decades of business success. any help please, thanks
Yes it is personally guaranteed, i cant remember signing anything as such though.
Its not part of the LTD company