British Columbia Guarantee and Postponement
Obtain a personal guarantee to repay the debts of a corporate borrower with this Guarantee and Postponement for the Province of British Columbia.
- The Guarantee must be given by someone with a material interest in the company (such as a director, shareholder, sole proprietor, etc) to guarantee repayment of the borrower's indebtedness to a lender, in the event that the borrower defaults.
- 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.
- Once you purchase the form, it's yours to use as often as you like. There are no additional fees.
Every lender in British Columbia should have the Guarantee and Postponement form as part of their loan documentation. You can download the form immediately after purchase.
Last Updated: 14-April-2016