Should the debtor go bankrupt, the credit insurer/collecting agency will initially claim against the guarantor. Should the guarantor company also go bankrupt, the insurer will compensate the loss on the basis of this guarantee.
Note
Note that as a supplier, you are responsible for preparing and enforcing such a guarantee. When reassessing the limit, you apply as usual for the limit on the entity with which you do business and which is also liable for payment. When reassessing the limit, you apply as usual for the limit on the entity with which you do business and which is also liable for payment. When applying, indicate in the comments that you have a guarantee from the mother stating name and address details and the Chamber of Commerce number.
Sample guarantee text
We can send you a sample guarantee text in Dutch and English. You remain responsible for the legal validity of this guarantee text. We will be happy to give you more advice, do not hesitate to contact us.
