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 were recommended Byrne Associates and they were very professional at a very difficult time. Ruth explained all aspects of the procedure as well as costs. From the moment we decided to liquidate the company Byrne Associates took all the pressure off the directors. M Parrish (Director )