Personal Guarantees in Commercial Collection: How Helpful Are They?
The McHughes Law Firm
JUNE 22, 2016
It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. Therefore, when drafting a personal guarantee, a creditor should specify that the guarantee is one of payment. Lubitz, Esq., When Should the Guarantee be Obtained?
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