A few years back I signed a personal guarantee for a loan I received from a non bank institution. The money was lent to a company I set up but it subsequently failed and all funds including personal funds and borrowed funds were lost. I have since started another business which is going reasonably well. Legal proceedings have been initiated against me personally for repayment of the funds which I dont have. Any income I have is going to repay bank loans which originated from the Celtic Tiger...
Personal guarantee
Personal guarantee
