A personal guarantee is a legal commitment made by an individual (the guarantor) to repay a loan or debt if the primary borrower defaults. This means that if the business or individual who took out the loan cannot pay it back, the guarantor is personally responsible...
Have you been asked by a Bank or Lender to enter into a Deed of Priority? You’ll probably need to take independent legal advice on it, which of course we can give, but in the meantime here’s a little more information about a Deed of Priority. What is a Deed of...
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