Guarantor / Debt Protection

Making sure loans are repaid and personal guarantees removed on the death of a business owner to protect their estate.

Many businesses over the years, to grow and expand have had to seek financial assistance from banks / financial institutes to provide capital (loans).

As a result proprietors/ shareholders have had to provide personal guarantees to their bank to secure the finance. Unfortunately some believe that when they die, so do their personal guarantees. Well they don't and the end result for their families can be as dramatic as having to sell the family home to clear debts of the business.

The death of a guarantor can also be a trigger in their loan agreement to cause automatic default and the 'call up' of the loan, leaving the business and guarantor's personal assets at risk.

A Proprietor/ Shareholder Guarantor Protection Plan will enable funds to be available for loans to be paid and in turn Personal Guarantees released by the Bank in the event of death, disablement or suffering a life threatening illness.

For further information or to book an obligation free appointment:

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Tel (within Australia): 08 8221 6515 Tel (international): +61 8 8221 6515