Legal Question in Business Law in Michigan

Personal Guarantee Collection

I have a signed personal guarantee from a vendor. How do I collect payment.


Asked on 3/26/08, 10:52 am

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Re: Personal Guarantee Collection

You would need to file a collection lawsuit against the corporation and the individual guarantor in either district court (up to $25,000) or in Circuit Court (beyond $25,000). Collectibility and bankruptcy are your only real issues. Call my office if you would like further details. Tim Klisz

Read more
Answered on 3/26/08, 11:25 am


Related Questions & Answers

More Business Law questions and answers in Michigan