TITLE

Crown in line for multimillion pound windfall

PUB. DATE
May 2005
SOURCE
Credit Control;2005, Vol. 26 Issue 5, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the implications of a House of Lords ruling in Great Britain stipulating that banks may force small business owners to hand over personal assets if their companies collapse. Rules by which banks may pursue individuals who have acted as guarantors to the business in order to recoup their losses; Possible increase in the price of loans for small companies resulting from additional risk involved in lending to them.
ACCESSION #
18449317

 

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