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Personal Guarantee on sold limited company
Dear Sirs,
I was owner and a director of a company which i sold on 25/3/2009. During the sale process i informed Lloyds tsb and requested to remove my name as guarantor and change to new owner. We been to rickmansworth branch few times and i made numerous calls to lloyds calls centre in that issue. Although it has been confirmed on the phone that my name removed as guarantor , they fail to send me any written confirmation. At some stage they refuse to answer my question about that issue as i was no longer signature or have control of the account. Through out the years i have been contacted with 2 different debt collector which i sent response to them and they stop chasing me . But recenly i have been letters and calls from third agency and they are saying that lloys still claiming myself been the guarantor and when i asked them when they start to chase the debt, response was november 2009 which was 8 months after the sale of business.
I would like to find out if anyone can assist
I was owner and a director of a company which i sold on 25/3/2009. During the sale process i informed Lloyds tsb and requested to remove my name as guarantor and change to new owner. We been to rickmansworth branch few times and i made numerous calls to lloyds calls centre in that issue. Although it has been confirmed on the phone that my name removed as guarantor , they fail to send me any written confirmation. At some stage they refuse to answer my question about that issue as i was no longer signature or have control of the account. Through out the years i have been contacted with 2 different debt collector which i sent response to them and they stop chasing me . But recenly i have been letters and calls from third agency and they are saying that lloys still claiming myself been the guarantor and when i asked them when they start to chase the debt, response was november 2009 which was 8 months after the sale of business.
I would like to find out if anyone can assist
0
Comments
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Have you made a complaint to LLoyds TSB?
That is where I would start. The agency are only collecting on TSBs instructions.Thinking critically since 1996....0 -
It's unlikely that Lloyds would agree to remove you as a guarantor unless the loan was repaid in full.
Why would they?0 -
Can't believe Lloyds agreed to remove the PG if the loan wasn't repaid.
Selling the LTD doesn't remove the PG liability. It's crazy to think it possibly could.0 -
Did the new owners open a new bank account?
If not then OP you are probably still liable for any debt.0
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