Q: What would happen if I'm unable to comply with this plan and the account proceeds into collections or personal guaranty

A: If you are unable to comply with the proposed payment plan and your account proceeds into collections or personal guaranty enforcement, there are several potential consequences. The creditor, in this case, Payability, may initiate collection efforts. This can include contacting you for payment, sending letters, or employing a collection agency to recover the debt.

If these efforts are unsuccessful, Payability might choose to take legal action. This could involve filing a lawsuit against you or your business to recover the owed amount. If a court rules in their favor, they could be granted a judgment, which might lead to wage garnishment, bank account levies, or seizing assets, depending on the laws of the jurisdiction involved.

Since you have a business address in the U.S., U.S. courts may have jurisdiction to enforce a judgment against your U.S. assets. However, enforcing such a judgment internationally, in the UK or Africa, can be more complicated and would depend on the specific legal agreements between these countries and the U.S.

It’s important to note that your credit score could be negatively impacted, making it more challenging to obtain credit in the future. It's advisable to communicate openly with Payability and other creditors to explore all possible options, such as renegotiating the payment plan.

Given the complexity of your situation, especially considering the international elements, it is strongly recommended to seek advice from a legal professional experienced in international debt and bankruptcy law. They can provide tailored advice considering all jurisdictions involved. Remember, taking proactive steps and seeking professional advice can help you navigate this challenging situation more effectively.