Legal Question in Bankruptcy in Minnesota

Re: Personal Guaranty

Well, not exactly.

But I can't think of any reason why the statute of limitations would not apply. There is a six year statute of limitations on most debts in this state.

I suppose there would be a question as to when the six years starts to run: from the date when you signed the papers, from the date that the last installment was due, or from some other date depending on exactly what kind of transaction it was.

This response is for general information purposes only and does not create an attorney-client relationship. I suggest that you consult the attorney of your choice concerning the details of your case.