Top 7 of 7 law firms for Directors' Personal Guarantees, Company Law | Taunton, Somerset
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A director may give a personal guarantee to a lender to back the company’s debts, with the guarantee creating personal liability if the business cannot repay. A solicitor in this area reviews the guarantee, explains what liability is triggered, and checks for limits, caps and any carve-outs. They advise on negotiating terms, potential exemptions, and whether a deed of novation or rider could alter the obligation. They also help with repayment, restructuring, or exit strategies and explain the implications if the company fails.
