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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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supply is taking Ltd company to court, is director her self

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supply is taking Ltd company to court, is director her self protected??
Alex Watts : Hello my name is ***** ***** I will help you with this.
Alex Watts : For now could you please explain your situation a little more?

supply is taking Ltd company to court, is director her self protected??

We have finance on a printer which is fine as guarantee by director.

Its the service company that is taking us to court, they say we own money for non use age of printer. we have never been charge this before, now there are charging us and the have back dated it as well. They have terminated our agreement and say we own £3,300

We are closing the company but would like to know if director will be black listed and have bad credit??


Alex Watts : There is a personal guarantee ?

yes, to finance company for printer but not the service company.

Alex Watts : Ok. Then the Director is protected for any liability from the service company.
Alex Watts : If there is no personal guarantee to the service company then the director can't be liable.
Alex Watts : clearly they are liable to the fianance company but that is it.
Alex Watts : There is nothing the service company can do to pursue the director personally.
Alex Watts : Can I clarify anything for you about this today please?

the terminated letter was address to director and company, they still cant do anything to director??

Alex Watts : No. Unless there is any personal guarantee. You say there is not.
Alex Watts : Does that help?
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