Generally, HSBC do struggle with the enforcement of personal guarantees. It could be said that many of their managers have approached the signing of personal guarantees in a dismissive manner, putting it down to a mere formality.
It has been noted that HSBC does not enforce (or rarely confirms) legal advice obtained. It is interesting to note that their presentations of standard documents are as deeds, which according to their own internally dictated systems have to be witnessed by a representative of the bank, which begs the question of the validity of the deed.
For more information, have a look at our website at www.personal-guarantee.co.uk
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