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We (my wife and I), as Directors of a Company, signed as
We (my wife and I), as Directors of a Company, signed as Guarantors (with 2 other Directors) to a supplier. We have since resigned as Directors (like 4 years ago). Does this document become now null a… read more
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My business is not looking good if i transfer my share of
my business is not looking good if i transfer my share of family home to my wife wil lit be safe if i go bankrupt… read more
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I lent $25K to an architectural co. to do a development and
Hi, I lent $25K to an architectural co. to do a development and the agreement was to return $35K if successful and just return my 25K if the project didn't go ahead. The project never went ahead and m… read more
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There is a company name W.P Sdn Bhd in Malaysia. The company
There is a company name W.P Sdn Bhd in Malaysia. The company is being file winding up by court.But some debt has not resolve as shown on the record file by the CCM. I have resolve my bankruptcy which … read more
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Myself and my business partner are equal shareholders and
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In the attached document of notes, I've highlighted a
Hi, in the attached document of notes, I've highlighted a few paragraphs that apply to the Corporations Act and ASIC - that concern me regarding the possibility of future personal liability both finan… read more
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My business partner is in debt with a failed investment business
My business partner is in debt with a failed investment business , he has told his creditors he will pay them but cannot give a time frame, as he is slow to do this and I am able to be able to help I … read more
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i worked for a finance company. they offered to lend me money.
i worked for a finance company. they offered to lend me money. I took the offer. They fudged income figures to get the amount approved. They then went into 'liquidation' and effectively left me with t… read more
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I have a personal guarantee signed by a Director of a COmpany
I have a personal guarantee signed by a Director of a COmpany which has gone into Voluntary Administration The Company is opting for a DOCA to settle their debt, How do I enforce his personal guarante… read more
Patrick H.
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I run a small business that is owned by two companies, I am
I run a small business that is owned by two companies, I am director of one company and my business partner is director of the other company. When we took out a business loan, I was the only one that … read more
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Hi A company i am a director of has had a judgement made
Hi A company i am a director of has had a judgement made against it in court. No directors gaurentees were ever signed by me the sole director. The company has no assets. Is there anything that can be… read more
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I am a director of a business in Australia with a branch of
I am a director of a business in Australia with a branch of the same business in the UK. Due to financial issues I have just liquidated the UK entity. It was a voluntary liquidation and after the liqu… read more
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My Son became a Director of my ex wife company she opened up
My Son became a Director of my ex wife company she opened up a third realrealestate office spending over $100,000 on the fit out Due to lack of business she closed the office down leaving a total debt… read more
Leon
Leon
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MINE IS A BUSINESS QUESTION, I OWN A COMPANY 50/50 WITH A PARTNER.
MINE IS A BUSINESS QUESTION, I OWN A COMPANY 50/50 WITH A PARTNER. THE BUSINESS HAS BEEN TRADING POORLY FOR OVER 18MONTHS BUT MY PARTNER WILL NOT LIQUIDATE. I HAVE HAD TO SELL MY HOME TO PLACATE THE B… read more
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Leon
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I have been married to the same man for 38 years. We have
I have been married to the same man for 38 years. We have been in business together for much of that time. Over the last 8 years he has become an alcoholic and debts forced us to sell the house and mo… read more
cmcd
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I am currently a Director in a Transport company that has a
I am currently a Director in a Transport company that has a significant level of debt, mainly with the Tax department. As part of an ongoing process we are looking at splitting the company into two co… read more
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My company had a water tight contract spanning 24 months with
My company had a water tight contract spanning 24 months with another company, who defaulted after 8 months stating insolvency. The sole director of the other company started new company in the same b… read more
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Maurice
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A company has 2 shareholers (A 70%), (A 30%) and both are directors.
A company has 2 shareholers (A=70%), (A=30%) and both are directors. There are no other directors or shareholders. If director A withdraws $10,000 from a bank account leaving a $5000 overdraft or debt… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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