T
TtV2004
Guest
Have a business which is about to hit the rocks so to speak. Ltd company but both directors have signed a guarantee with the bank. I understand what this means but my question is as follows. Other director will claim to be broke etc . In practice will the bank pursue me for total amount. How do they persue this in practice. Would they give loan for 50% of debt to each of us. Worked hard but other director was not as committed. In a right mess now!!!!!