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if your company is struggling or youre thinking of closing its absolute key to listen to this these are some of the common questions asked by directors to speak to every day so firstly what is a personal guarantee and where would I find one well simply its when a limited company debt like a loan uh gets you the director to sign a guarantee ensuring that that debt is paid if the company fails to pay it um bounce back loans are not personally guaranteed examples of personal guarantees we Define them is a Bank overdraft a business loan or some Vader suppliers certainly in construction industry secondly how do I know if Ive signed a personal guarantee okay well personal guarantees are quite detailed documents attached to loan documents you should know if you sign one but if you dont then you ring up the provider and you ask for a copy of the agreement and it will be listed on there third question um will I lose my house if I close my company its unlikely unless the personal guarantee