A personal guarantor under IBC is an individual who agrees to be liable for the repayment of a loan or debt if the primary borrower fails to do so. By providing a personal guarantee, the guarantor assumes responsibility for fulfilling the financial obligations of the borrower in case of non-payment.

  • https://theamberpost.com/post/everything-you-need-to-know-about-personal-guarantors
  • A personal guarantor under IBC is an individual who agrees to be liable for the repayment of a loan or debt if the primary borrower fails to do so. By providing a personal guarantee, the guarantor assumes responsibility for fulfilling the financial obligations of the borrower in case of non-payment.

  • India
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By ancoraa

Ancoraa Resolution is a financial services firm focussed on debt resolution and financial restructuring. Ancoraa Resolution helps suppliers file the insolvency applications and get their dues faster by leveraging its technology platform and speeding up the recovery process. With over 35 licensed Insolvency Professionals located across 14 cities in India, Ancoraa Resolution ensures that you are equipped to take speedy action in matters of insolvency, debt resolution and liquidation.

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