Bankruptcy Law
Debt and Bankruptcy

Does a personal bankruptcy eliminate a personal guaranty on business debt?

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Wiki User
2010-02-04 16:01:56

Yes. I filed for that reason alone. I signed a lease for a

business. I was told I had to sign a personal guarantee. I had to

file a personal BK because of it. When I left the lease they tried

to sue the business....but the business had nothing, so they came

after me because I signed a personal guarantee. I filed a

Bankruptcy and it was discharged.

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