Personal Guarantees Lawyers in St Helens
Are you looking to enter into a personal guarantee?
A personal guarantee is often required by lenders when you are setting up a business. It is an agreement whereby you promise personal assets of your own in order to cover any outstanding debts should the business fall into financial difficulties.
Given the nature of the liability, it is recommended to seek legal advice before entering into a personal guarantee, as it can have far-reaching implications. Many lenders will in fact require you to seek independent legal advice on a personal guarantee.
Hattons can help with this, ensuring that you understand the practicalities of the agreement and assisting with the protection of your personal finances.
If you would like to find out more about Personal Guarantees call our expert legal team on 01744 744400, fill out our contact form below or contact our key person: