H
honeymonster
Guest
hi all i run a small business that is deeply dependent on the construction industry , i have about 250 k of leases and now the equipment aint worth half that, i owe the vat man 40k and i owe suppliers 100k and another 100k of personal loans , now here is the problem , i have a house with my wife worth about 250k and the mortgage is 160 k. now if i go bust in the morning is my house at risk as i have taken personal gaurantees on these loans. the business is limited with only 1 year these loans etc were taken out before that . the income on the business has dropped dramatically ,