Difference Between Debtors and Creditors (with examples)
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Difference Between Debtors and Creditors (with examples)
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Personal Guarantees: Liquidate and Negotiate Debt #shorts
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Personal Guarantees: Liquidate and Negotiate Debt #shorts
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Go through your aged creditors list and identify every personal guarantee — then total it up. You need a clear plan for dealing with PGs if you go into liquidation, because the moment the company collapses, every one of those guarantees crystallises. Lenders will approach you and say, “You owe us this money — we want it back.” That scares the life out of most directors, but it’s just the process. The reality is this: most PG lenders will listen to your proposals, and in many cases you can negoti
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