I was a working partner in a company in employment visa which closed in 2011 the manager who was solely responsible for signing cheques took a business loan and gave his guarantee cheque. My name was also there as co applicant in the loan. This loan was only partially paid. Now the bank is threatening me to pay the loan. I am working in another company. I have no clue where the manager is. What should i do please give your valuable advice.
If your name is mentioned as co applicant, you are responsible for repayment.However, have you signed the application form?
Yes i sighnedIf the case moves to court i have to settle the full loan by myself only?