Showing posts with label liquidation. Show all posts
Showing posts with label liquidation. Show all posts

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.