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Liquidation & Moving a personal guarantee


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I have 2 limited companies both with bank accounts at the same bank.

 

I took out an 80k loan 18 months ago with a PG on company 1.

 

Unfortunately I have been advised to liquidate the company or risk insolvent trading.

 

I can maintain the payments with company 2 and my property has no mortgage and is worth 80K.

 

If i approach the bank is it possible to move it onto company 2 or will i have to pay it off?

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