Crown in line for multimillion pound windfall

May 2005
Credit Control;2005, Vol. 26 Issue 5, p37
Trade Publication
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.


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