Bank Accounts

[Anon678]

I have two different LTD companys, I'm director of both and both bank with HSBC, one of the companys is going to utilise the Sponge Bob plan in Jan as its insolvent, the other company is doing well. Now I have an overdraught of £13000 with £2K available, does anyone know if HSBC can take funds from the other company to cover any debts to the bank?

 

[StevensOnln1]

Have you given any guarantees? Have you read through HSBC's terms and conditions for the account?

 

[Lisa Thomas]

Depends whether cross guarantees have been given between any parties?