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Louisa Siddibat, a liquidator and bankruptcy trustee, discusses the issue of personal guarantees in the context of voluntary administration. Creditors with personal guarantees against a director can still pursue them despite a deed of company arrangement being in place. The debt needs to be separated into company debt covered by the arrangement and personal guarantee debt. Negotiating with creditors is the ideal way to address personal guarantees, ensuring both company and personal obligations are met.