Legal Question in Credit and Debt Law in Kenya

When is a gurantor liable to pay loan of a 3rd party


Asked on 12/16/16, 12:49 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

16.12.2016

Dear Sir / Madam,

A Guarantor remains legally liable to repay the loan of the borrower(s) when they have been declared insolvent by the Court of law.

Regards,

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Answered on 12/16/16, 1:31 am


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