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