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Does the Bankruptcy of a Guarantor Extinguish the Guaranty of Future Business Debts? Perhaps Not!

June 29, 2020 | Categories: Firm News, Publications | Topics:Tags: , ,

The scenario is unusual but is becoming increasingly more common. A business enters into a credit agreement with a creditor to purchase goods or services. The creditor requires that one or more of the principals of the business provides a personal guaranty of the obligations of the business. The guarantors then file personal bankruptcy but […]



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