Not usually. The Company is a separate legal entity and holds contracts with people or companies in its own right. Unless a Director has acted outside of his authority, or has given personal guarantees, generally the Director will not be liable for the debts of the Company. If you would like to speak with one of our advisors about your business debt, please ring us on 01823 216156 or send us an email. If you are not yet ready to speak to an advisor, you can find free information and advice on our blog.