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JimLawyer, Solicitor
Category: Law
Satisfied Customers: 9023
Experience:  Senior Associate Solicitor
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I gave a personal guarantee on an overdraft for my company,

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I gave a personal guarantee on an overdraft for my company, the facility was not renewed and my solicitor at the time wrote to the bank advising I will not renewal the facility or give further undertaken. The banks agreement was annually renewable, their paperwork states it will not renew if the document is not signed and returned. I neither signed it and my solicitor cancelled it. The bank are chasing for money
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Hello, my name is ***** ***** I am a qualified lawyer happy to help you today.

A persona guarantee is usually made by a deed, so it needs to not only be signed but witnessed too. If you did not sign anything then the bank cannot pursue you - any claim they make against you can be easily defended.

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JimLawyer, Solicitor
Category: Law
Satisfied Customers: 9023
Experience: Senior Associate Solicitor
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