Tag Archives: collection actions
Chapter 11 or Subchapter V Can Ease the Burden of Personal Guarantees
For many small-business owners, a personal guarantee is part of doing business. A lender, landlord or supplier asks for a signature and the owner signs, often without weighing what it means. But a guarantee turns a company obligation into a personal one. If the business seriously falters, the creditor can pursue the owner’s home, savings […]
