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Many thanks for your reply. No directors loan has been withdrawn (in fact my savings been paid to the company as a loan), but I am acting as a personal guarantee for almost half of the debt. What if I agree with them (companies whom I've signed as a personal guarantee) to pay by monthly affordable installments?equitydealer wrote: ↑Sat Oct 27, 2018 8:57 pmIn relation to naturalisation, if a business goes bankrupt and it’s a ltd company there is normally no adverse impact to the director/s (you may have problems if you have an overdrawn director’s loan or have provided a personal guarantee).
Therefore assuming it’s a ltd company, I believe in the application form you would tick no to Q 3.14