Best Accountants in Edinburgh

Determining whether a personal guarantee is enforceable requires careful consideration. Here's a checklist to guide your assessment: Formalities: Review the execution the personal guarantee. Ensure all required formalities were met, such as signatures and dates. Scrutinize the terms for clarity on signing parties and timeframes. Misrepresentation or Undue Influence: Reflect on whether you felt coerced or pressured into signing the personal guarantee. Assess if any misleading information influenced your decision. Unfair Terms: Evaluate the fairness of the guarantee's terms. Consider factors like excessive liabilities or unfavourable conditions that may render the guarantee unjust. Financial Position: Maintain a keen awareness of your company's financial health. Regularly monitor financial indicators to stay proactive in managing potential risks. Should you find yourself unable to fulfil the obligations of a personal guarantee, our team at Middlebrooks is here to provide support. We can outline your options and offer assistance tailored to your circumstances.