Hi,
Im hoping to take out a joint loan with a friend to set up a crash repair business.
We have been approved 15,000 euro. However if it was a case that the business failed , is there any way of making sure that each partner pays 50%.
In the worst case scenario , if one partner did a runner and left for Australia , would the remaining partner be liable for the full amount i.e. 15,000
REXO
Im hoping to take out a joint loan with a friend to set up a crash repair business.
We have been approved 15,000 euro. However if it was a case that the business failed , is there any way of making sure that each partner pays 50%.
In the worst case scenario , if one partner did a runner and left for Australia , would the remaining partner be liable for the full amount i.e. 15,000
REXO