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Written by swain blue, on 25-06-2009 18:01
I recently resigned as CoDir after a bitter personal dispute with other director. The previous week, I had signed ( along with other 2 directors ) a personal guarantee for 25K od. This was to be followed up by a further 20K guaranteed by other director bring total od to 45K. The further od never happened. Instead I've heard the other directors are thinking of liquidating existing co and phoenxing work to new company with no debt and new od arrangements. Can I get my name off the guarantee before this happens? HELP
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