Bank guarantees can present a problem if a business fails. The
directors may have given guarantees to the bank. The bank will use
those guarantees to call for repayment.
At this point it is important to check the strength of the bank's
position, and then to negotiate with the bank on that basis.
The insolvency practitioner acts for the creditors generally, and
therefore cannot undertake to represent the directors in discussions
with the bank about their guarantee liabilities.
Bank guarantee negotiations
It pays to have an experienced, practical negotiator on your side
of the table.
Specialists within Banking Liaison Group undertake this role, with
the aim of reaching a settlement which is acceptable to all parties.
From our experience, discussions about bank guarantees can be brisk
We will tell you where you stand, and where the bank stands. This
can bring an end to years of worry, frustration and delay. Then
we will help negotiate with the bank, to achieve a quicker, cleaner
We hope then that you will be able to move on with your life.
Bank guarantees - getting started
Fill in the form for help
with bank guarantees, or call us on 0845 65 85 100.