Guarantors

Guarantors

“It’s too late to seek advice after the documents are signed.” – Noel Whittaker

It is bad enough to get into financial strife through your own efforts, but it’s especially devastating when it happens through no fault of your own. These days it’s become all too common for young people to end up in court because they went guarantor for a friend’s personal loan or mobile phone bill. It can be the same in business: every individual in a business partnership is liable for all the partnership debts.

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