Personal Guarantees
23rd June 2011
... Comments

Receipt of Court summons or Statutory Demand.


If you receive these documents, get them dealt with right up front. Burying your head in the sand will not make them go away, and fees increase exponentially if judgements have to be unwound. Furthermore, burden of proof switches away from them and more on to you It is also best to use good legal advice. It might appear cheaper to do it yourself, but you couldn’t have a gynaecologist do brain surgery, would you? So don’t put yourself financially at risk by trying to do it yourself if it is not your area of expertise. However, I would emphasise the word GOOD in good legal advice- that can be hard to find, ask around, go on personal recommendations based on similar situations if you can. If you receive these documents, get them dealt with right up front. Burying your head in the sand will not make them go away, and fees increase exponentially if judgements have to be unwound. Furthermore, burden of proof switches away from them and more on to you. It is also best to use good legal advice. It might appear cheaper to do it yourself, but you wouldn’t have a gynaecologist do brain surgery, would you? So don’t put yourself financially at risk by trying to do it yourself if it is not your area of expertise. However, I would emphasise the word GOOD in good legal advice- that can be hard to find, ask around and go on personal recommendations based on similar situations if you can.

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About the Author

Stefan W

Member since: 16th September 2011

My name is Stefan Wilkinson and I deal with the mis-selling of financial products
Mis–selling is more widespread than you might have realised
I believe mis – selling is wrong and needs highlighting...

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