Legal Question in Bankruptcy in California

I have business and is Scorp.We.Persoanlgurantte the loan and have a colletral.We rec'd notice of default.Should we file BK.are we personally liable to pay the loan


Asked on 2/02/10, 4:33 pm

1 Answer from Attorneys
Brian D. Lerner Law Offices of Brian D. Lerner, A Professional Corporation

Hello:

If you signed a personal guarantee, you are liable for the loan. Whether you should declare bankruptcy is a decision based upon many factors. Please call my office.

Regards,

www.ebankruptcyatty.com

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Answered on 2/07/10, 5:11 pm


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