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Rob, Solicitor
Category: UK Law
Satisfied Customers: 508
Experience:  Policitical Economy BA(hons) Law BA (hons)
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I was a director of a ltd company which closed last year. there

Customer Question

I was a director of a ltd company which closed last year.
there was still an outstanding loan the company owed, but no personal guarantee.
this year I have recieved a demand for the owed money.
Am i liable for the loan amount?
Submitted: 7 years ago.
Category: UK Law
Expert:  Rob replied 7 years ago.

If the loan is in the companies name and you gave no guarantee or indemnity then there is no contractual link to you and the loan and you should not be liable for it.

Rob and other UK Law Specialists are ready to help you
Customer: replied 7 years ago.
okay thanks a lot