Robbie welcome to AAM. Unfortunately I don't have good news for you. As you've stated, you've given a personal guarantee so that means your company status will not give you the limited liability.
No the 50K in fees is completely irrelevant as is the fact that you've been good customers and that you've withdrawn low salaries etc. The bank is a business and they are obliged to get as much back as they can.
If your not a stong person don't read any further.
You say you know your home is not at risk, I wouldn't be so sure because of the personal guarantee. Is there equity in it? How much is the land worth
How much debt - to the bank only - will there be after the liquidation ? I presume all other debt is unsecured and you are not personally liable ?
In relation to filling out the statement of means, people often forget to put in a lot of things, please check out the Mabs website as they have a template.
You're going through the most difficult phase right now, the business failure and the loss of employees. So it's important for you to be strong, particularly if your husband is having an even more difficult time than you. It's important that you realise that this can cause an enormous strain on the relationship. Don't underestimate this and try not to put pressure on each other and most of all don't blame each other. My heart goes out to you. Talk to each other and support each other and reach out to family.
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