start-ups e PMEs que procuram fontes de financiamento precisam pensar com cuidado antes de assinar garantias pessoais, de acordo com um advogado corporativo líder. ou se uma fonte de financiamento alternativa pode estar disponível. assinaram garantias pessoais ao Banco HSBC e freios de fornecedores de alimentos, colocando em risco sua própria fortuna. Para alguns, eles permitem a oportunidade de acumular suprimentos ou finanças muito necessárias em um estágio crucial nos negócios que acabarão resultando em crescimento financeiro, enquanto para outros pode ser que diferentes formas de finanças seriam muito mais adequadas. ”
James Pressley, Corporate and Commercial solicitor from Kirwans law firm, said that many business owners looking to give their company or start-up a financial boost to help deal with the uncertainty around Brexit may be tempted to take on personal guarantees without properly assessing the risk, or whether an alternative funding source might be available.
While personal guarantees can act as a lifeline for obtaining finance, they can result in business owners being pursued through the courts for unpaid debts, should their businesses meet the same fate as that of Jamie Oliver’s restaurants Jamie’s Italian, which lost branches in cities including Liverpool and Manchester in May.
Jamie Oliver is reported to have signed personal guarantees to the bank HSBC and food supplier Brakes, putting his own fortune at risk.
James said: “Personal guarantees are often wrongly portrayed as being the road to financial destruction, but this isn’t necessarily the case.
“Whether they are right for an SME or not depends on the circumstances of each individual business. For some they allow the opportunity to accumulate much-needed supplies or finances at a crucial stage in the business that will ultimately result in financial growth, while for others it could be that different forms of finance would be far more suitable.”
talvez mais que seja surpreendentemente, dada a parte que ela faz com que a parte de alguns negócios seja uma vez que a pesquisa é que a pesquisa é que a metade da metade (55, que não é mais adequada), que não é mais adequada. IS. James analisa os principais pontos que as PME devem considerar ao pensar em assinar uma garantia pessoal:
In fact, according to research by SME loan provider Wirefund, 21 per cent of SME business owners believes it only means that business owners would pay money back on time to the best of their ability.
Furthermore, nearly two thirds (61 per cent) have no idea that personal assets can be clawed back if they default on the loan, believing that only business assets would be affected.
Here James looks at the key points SMEs should consider when thinking about signing a personal guarantee:
1) Garantias pessoais permitem que os credores invocem seus ativos pessoais se você não puder pagar seu empréstimo comercial (mais juros!)
Your personal assets don’t tend to stop at your watch, jewellery or car; we’re also talking about your home and life savings too. When it comes to personal guarantees, anything you own is up for grabs. If you die with a personal guarantee in place, the lender can even take action to recover money and assets from your estate.
2) You may be able to negotiate the amount of the loan that must be guaranteed
There is often an assumption that the lender will want the entire loan to be guaranteed, but that’s not always the case. Ask whether they would be open to you reducing the amount that is guaranteed on a capped liability basis. Alternatively, the personal guarantee could be unlimited, meaning that the lender is guaranteed that they will recover the total amount of their debt, including any legal fees, from you. It is important to note that you will always be liable for interest and the lender’s recovery costs as well, even if you have agreed a cap on liability.
3) Uma em cada cinco empresas se dobra no primeiro ano
Se sua empresa é uma nova start-up, existe o risco de que isso possa ser um deles? Risco Avalie tudo para garantir que você esteja preparado se as coisas der errado. Uma garantia pessoal pode ser um risco apropriado se sua empresa for estável e você tiver um plano de expansão, mas é improvável que seja apropriado se sua empresa estiver lutando e você estiver manipulando dívidas. Existem algumas advertências, no entanto, por isso não se esqueça de discutir com seu corretor de seguros antes de seguir em frente com um contrato. Eles emitirão uma demanda estatutária que permitirá que 21 dias paguem ou concordem com um novo prazo? É crucial determinar com antecedência exatamente como a situação pode procurar por você se você padrão no empréstimo. É importante lembrar que, sob a maioria das garantias pessoais, o credor pode apenas proceder diretamente contra você e não precisa tomar medidas legais contra o seu negócio primeiro. Insolvência, eles ainda poderão recuperar a dívida. Portanto, você não se beneficiará com a segurança geralmente oferecida pela administração; A palavra "pessoal" em garantias deixa claro que os próprios ativos dos diretores se tornarão vulneráveis. ou uma ordem de cobrança. Depois que uma ordem de cobrança for feita, seu credor pode solicitar ao tribunal uma ordem para venda, para forçá -lo a vender sua casa. Discuta isso com o credor para que você entenda exatamente o que está em risco. Certifique -se de que um advogado tenha experimentado em lidar com essa forma de cheques de empréstimos sobre o documento antes de assinar para garantir que não haja surpresas desagradáveis escondidas na redação.
4) Personal Guarantee Insurance is now available
A new type of insurance which protects your personal assets should you default on the loan is now available, and is based on what percentage of the Personal Guarantee the owner wants to secure. There are some caveats, however, so be sure to discuss with your insurance broker before going ahead with an agreement.
5) Find out what constitutes a default
At what point will the lender invoke action against you, and what will that action involve? Will they issue a statutory demand which will allow you 21 days to pay up or agree on a new deadline? It is crucial to determine in advance exactly how the situation could look for you should you default on the loan. It is important to remember that, under most personal guarantees, the lender can just proceed directly against you and does not need to take legal action against your business first.
6) You’ll still have to settle if the business becomes insolvent – even if you’re a limited company
This is what the personal liability aspect is all about – reassuring your lender that, even in cases of insolvency, they’ll still be able to recover the debt. So, you won’t benefit from the security usually offered by administration; the word ‘personal’ in guarantees makes it clear that the directors’ own assets will become vulnerable.
7) Find out what the process of enforcing the debt will be
There are a number of ways that the lender can enforce the guarantee, whether through a County Court or High Court Judgement, a Warrant of Execution which bailiffs will deliver, or a Charging Order. Once a charging order has been made, your creditor can apply to the court for an order for sale, to force you to sell your home. Discuss this with the lender so that you understand what exactly is at risk.
8) Check with a solicitor before signing on the dotted line
As with all contracts, the detail with personal guarantees is in the small print. Make sure a solicitor experienced in dealing with this form of lending checks over the document before you sign to ensure there are no nasty surprises hidden within the wording.
