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Not just belly up, but whatever asset the guarantee is used to by must have either gone backwards, the lend would be a high sole lvr, or the costs of recovery would be high. ta rolf

The best way to protect a guarantor is to not take the guarantee the in the first place...................... There are a few things one can do Make sure the borrower secures their income with the usual insurances. Does the borrower have multiple income streams DONT borrow beyond the...