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So what appeared dressed as a crisis was in fact an opportunity for further growth, learning & of course cash-flow (if you were up to the challenge). Well done, hope fruitfull rewards follow.

If I'm reading the situation correctly, the tenent most likely took a charge over the business & equipment to raise capital to buyout his/her partner in the first place. Financiers almost always request a directors guarantee in these situations. As unfortunate as this situation is for Dazzling...