Jump to content


Help with old business personal guarantee


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4412 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

I signed a PG with Lombard back in 2006 in respect of refinancing capital equipment. When the business went into liquidation I helped to sell the machinery, Lombard decided the offers were to low and put the capital in to storage which incurred more costs. After approx 6 months then decided to sell the equipment at a much reduced rate to that I secured for them. The debt increased to cover all additional costs which I argued but they wouldnt back down on.

 

I have been paying off a nominal amount monthly now for many years, I havent received any communications from Lombard for over 4 years now. Do they have a duty to provide regular statements?

 

Im concerned if I stop paying they will seek full payment, but also if I continue at the current rate the debt will settle in around 10 years!

 

I need to consign this to the past, any suggestions on next steps

 

Thanks in advance

Link to post
Share on other sites

Hello DC54, welcome to the CAG.

 

Enjoy your visit, but take some time to look around the forum and understand where everything is.

 

 

It can seem confusing at first but you will start to find your way round and to understand what a helpful community we are.

 

You haven't received any replies to your post yet. Try posting your query again in a relevant sub-foum. You will get the help and support you need there.

Please be advised that my time will be limited for the next few weeks.Thanks for your understanding.

Link to post
Share on other sites

Was the company a limited one ?

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

Also do you still have copies of the agreement /PG ?

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...