Personal Guarantee Mania
By Stephen D. Barker, S.E.C., CCIM
Posted in Autumn 2002, Feature Articles on 14 Autumn 2002
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Most if not all of us have had to sign a personal guarantee. A bank or other credit lender to further facilitate and securitize a loan usually requests this. It generally means that if the loan is in default the creditor may seek further restitution by filing a legal action against the guarantor personally for [...]