Guarantee and Postponement (British Columbia)

Give a personal guarantee to repay the debts of a corporate borrower with this Guarantee and Postponement for the Province of British Columbia. The Guarantee would be given by a principal of the corporation (such as a director, shareholder, sole proprietor), to guarantee repayment of the borrower's indebtedness to a lender, in the event that the borrower defaults in paying back the debt. The guarantor also agrees that any debts owed by the borrower to the guarantor will be postponed to the debts owed to the lender, and the lender’s claims would take priority. This British Columbia Guarantee and Postponement form is available in MSWord format, and is fully editable to meet your particular needs.