question category: CCJ

signing a trade account am i liable for debt
Submitted on: 10th Aug 2011 by Non-Member | Total Answers: 1

i signed as a director of a limited company a trade account application form,company now insolvent creditor chasing me personaly for the debt,can they do this?threatening small claims court,small print at the bottom were i signed was unfairly worded in my opinion and i wasnt made aware of this being a personal guarantee and it was never witnessed.

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Re: signing a trade account am i liable for debt

Unfortunately, if you signed to say that you would personally guarantee the debt you may be liable. If you feel that you were not properly informed of the guarantee, you could approach Trading Standards for their advice.

This question has been answered by Christians Against Poverty, a leading debt charity offering hope and a solution to anyone in debt.

Submitted on: 17th Aug 2011 by TA Member

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