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Personal Guarantees in Commercial Collection: How Helpful Are They?

The McHughes Law Firm

JUNE 22, 2016

In addition, the waiver or postponement of a legal right by the creditor, such as the institution of a law suit to collect an overdue account, or the filing of a mechanics lien , will be construed as consideration by the courts in most jurisdictions. The post Personal Guarantees in Commercial Collection: How Helpful Are They?

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Commercial Collection Collections Creditors Credit Management 40
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5 tips for creating a well-written credit application

Collections Law

OCTOBER 28, 2021

Add waiver clauses Similar to the legal disclaimers, a waiver can ease your path for reviewing credit, limiting the extension of credit and collecting on unpaid debt. Simply stated, a waiver clause voluntarily gives up the applicant’s legal right or privilege. A waiver must be clearly written.

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