Does my personal guarantee for the company loan affect me? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does my personal guarantee for the company loan affect me?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

A personal guarantee or surety may create exposure and fiduciary liability.

Understand the limit and duration before signing.

Legal dissolution of the company does not invalidate a personal guarantee you signed.

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