Post by jackpease on Aug 14, 2014 15:35:23 GMT
FC Rad company loan (2125) - guarantor 'had his own money in the company so isn't in a position to make any payments'
Forgive me if i've been naive - i'm well aware that director's guarantees are worth diddly squat - but surely a director's guarantee could only be meaningful provided that director had money NOT committed to the company???
FC suggests it doesn't want to see bankruptcy - so what sanction/deterrent is there for other firms to default???
Jack P
Forgive me if i've been naive - i'm well aware that director's guarantees are worth diddly squat - but surely a director's guarantee could only be meaningful provided that director had money NOT committed to the company???
FC suggests it doesn't want to see bankruptcy - so what sanction/deterrent is there for other firms to default???
Jack P