How to Escape from a Property Suretyship
KVV Inc Attorneys Published on: 04/03/2025
Signing surety for another's debt is risky, as the ancient philosopher Thales warned. Directors often sign personal suretyships for company debts, seemingly safe initially. However, when problems arise, these agreements can be devastating. A recent court case highlighted a rare escape route: proving the bank misrepresented or failed to disclose crucial information, like a hidden bond on a property.
Litigation
