answersLogoWhite

0

Whoever signed the personal guarantee is solely responsible for whatever he/she signed for. The spouse is held harmless. However, any joint property (as viewed by the state of Wisconsin) is vulnerable to remedy the obligation he/she signed to guarantee.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

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.


Is an underage ticket void in the state of Wisconsin if it is not signed by the officer?

no


Can a c corporation file for bankruptcy and the owners protect their personal assets even if they signed personal guarantees with some banks?

No, the owners assets WOULD still be subject to seizure from creditors for all debts that were PERSONALLY guaranteed. The only way to protect personal assets would be for the owners themselves to file personal BK.


Can you be sued for a lease that is not in your name?

You cannot be sued unless you signed the lease or signed something else promising to guarantee it in some way.


What record label is Common signed to?

Common used to be signed to Kaye West's GOOD Music label but is now signed with Warner Bros. Records.


When did Australia trust Japan after the war and why?

When it signed the Anzus Treaty with Us and NZ as a guarantee of mutual protection.


If someone selling a product from home guarantees performance how long is the guarantee good for?

Unless you have a written guarantee signed by the seller, until you are out of sight. You could try small claims court...


When was Common Sense signed?

It was not signed. It was a handbill that was written by Thomas Paine.


Can a bank cash a personal check that was not signed and left blank on the signature area?

no


Are John H Johnson and BET's Robert Johnson from the same family?

No. They are not from the same family. Signed by a relative of Robert L. Johnson, Wisconsin


What is Wisconsin Senator Herb Kohl's stance on the federal Defense of Marriage Act?

Senator Kohl believes DOMA should be repealed and has signed on as co-sponsor of a Senate bill which, if signed into law, would overturn DOMA.


How much is a ralf mojsiejenko card?

About $5 Million if he signed it and wrote a personal inscription