Clear answers without the jargon.

A personal guarantee is a legally binding promise, typically given by a company director, to be personally liable for a specific business debt if the company defaults.

Yes — although lenders may then withdraw or amend an offer. Before signing, always understand the alternatives (security, higher rates, different lenders) and the true extent of the liability.

Often, yes. Lenders regularly accept discounted settlements, structured payment plans or restructured arrangements — particularly when presented with a professional proposal supported by evidence.

Occasionally. Defects in drafting, procedural failures, misrepresentation, undue influence or lender misconduct can all provide grounds to challenge enforcement.

Start with an honest review of viability, cashflow and creditor pressure. The earlier that review happens, the more options remain open. We can help you carry it out confidentially.

Yes — creditors with an undisputed debt above the statutory threshold can petition to wind up a company. In most cases, however, they prefer a realistic, properly presented proposal to formal enforcement.

Options range from restructured repayment through to formal insolvency depending on your circumstances. Personal liability generally does not arise unless the loan was misused.

Wrongful trading arises where directors continue trading knowing (or where they ought to know) there is no reasonable prospect of avoiding insolvency. Early professional advice is the strongest protection.

No. A Company Voluntary Arrangement is a formal deal with creditors that lets the company keep trading; administration is a distinct process, often used to protect and restructure or sell the business.

Many can — provided the underlying business is viable and the director acts early enough. Rescue may involve refinancing, restructuring, a CVA or a pre-pack sale.

Yes. Your first conversation is free, confidential and without obligation. It's an opportunity for you to understand your position before making decisions.

No. We take no commissions from lenders, insolvency practitioners or debt providers. Where paid work is agreed, fees are transparent and fixed wherever possible.

We support directors and business owners across England, Wales, Scotland and Northern Ireland — remotely, and in person where useful.