Guaranteeing A Loan

Have you ever been asked to guarantee someone’s loan? Parents often provide guarantees to a bank when their adult child applies for a loan. Company directors give personal guarantees to meet obligations to financiers or suppliers. Guarantees usually have clauses like:...

Bankruptcy Notice – 10 Things You Need to Know

Mike turned 50 last week. His family used to celebrate birthdays with him, but not in recent years. Since he was made redundant, Mike found it increasingly difficult to secure a job due to his age and skills. He tried starting his own business but it didn’t flourish....

Your Transitional Security Interest On The PPSR

Security Interests under the Personal Property Security Act Transitional Arrangements to end on 31 January 2014! The Personal Property Security Act (PPS Act) came into law on 30 January 2012. The PPS Act established the Personal Property Security Register (PPS...