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indemnity

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gavd77 | 15:05 Thu 02nd Apr 2009 | Law
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Am I still liable for an indemnity i signed on a hire purchase agreement as a direcor of a limited company? I was made redundant by said company in August 2008 and the company liquidated later that year.
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Avatar Image sandmaster
It depends on the terms of the indemnity. If there was no date specified to end the indemnity, if it does not specify 'current directors', and if you have not previously advised the finance company of your removal as a director, then I would guess you are still liable. But I'm no legal expert.
16:35 Thu 02nd Apr 2009

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