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Whilst directors are not usually expected to be liable for company debts, some lenders and suppliers ask for personal guarantees.

Going into these arrangements with your eyes open will allow you to negotiate some of the clauses and ultimately provide better protection for you financially. Our corporate team work with many directors to make sure they are fully aware of the implications before entering into any personal guarantees on behalf of their company or organisation.

If you find yourself in a position where you need to extract yourself from a personal guarantee, there are ways of doing it. Our dispute resolution team can advise on how to do this and more importantly how not to do it. Many directors, who are no longer with the company or who are facing claims, act without really understanding the legal implications. Talking to lawyers with many years’ experience before taking action can make the whole process less painful, far quicker and  financially less damaging.

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  • Juliet is extremely responsive, knowledgeable and technically and commercially astute. She has a great understanding of the industry and clients love her. We have a number of mutual clients who also hold her in high regard.

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  • Debenhams Ottaway are a very professional and long established firm.

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  • The entire service from start to finish was excellent, from the initial phone enquiry to the provision of notes from the solicitor, the whole process was faultless, professional, courteous, high standard from the beginning to the end. I cant recommend this firm enough, truly supportive, helpful and understanding.

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