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Reduction of Director's Liability Under Personal Guarantee

In August 2011 we were appointed Liquidator of a building maintenance company in West Wales. The company owned property over which the bank held security and the director had also given a personal guarantee for this debt. The Bank agreed to Byrne Associates conducting the marketing of the property and after a fairly lengthy period of marketing the property was sold enabling a repayment to the bank and as a result a substantial reduction in the director's personal liability.   

We have advised and assisted Byrne Associates in respect of construction matters for many years. In this time all staff have demonstrated their in depth knowledge of insolvency procedures Terry Blazey (TFB Associates )

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