Im a retiree and the guarantor of a company. The director made me sign the company cheques. I don't know where the money went to and the banks are chasing me for the money now. I heard an employee from the company that the director had used the money

Answer :



    answered on 09/06/2018

    flag as inappropriate

    As you have agreed to be a guarantor for the company's debts, you have to pay off the company's debts where it is unable to repay them. If you are unable to settle the debt and are in default of $10,000 or more, you may be subject to bankruptcy proceedings.

    Did you find this post useful? Please provide your feedback by clicking on the link above.