Thursday, January 6, 2011

My company is going into liquidation. My question is that am i liable for the overdraft?

I have a small farm in USA now it’s going into liquidation and the bank account has an unpaid overdraft of $30,935.

The problem is that debt collection agency chasing me for the amount claiming me of which i was a guarantor. Now the bank makes it clear to me then i have to pay as i was a guarantor on the overdraft.


I have put this problem to National Asset management agency and hopping to settle down all the legal issue as soon as possible.