Personal Guarantee

What is a Personal Guarantee? A personal guarantee is essentially a document that makes an individual liable for the debts incurred by a third party. In the circumstances of a business loan agreement between a bank and a company, a personal guarantee can place the...

Statutory Demands to Recover Debts

A Statutory Demand is a demand made in the prescribed form by a creditor to a company pursuant to section 459E of the Corporations Act which demands payment of a debt within 21 days. Failure to comply with a Statutory Demand A failure to comply with a Statutory...