Legal Question in Credit and Debt Law in Nevada

A collection agency contacted me because they said I signed a personal guarantee on behalf of the company I used to work for as an accountant. I don't remember signing a personal guarantee but they said it was on the credit application I signed (for an equipment rental company). In fact any time there was an instance where a personal guarantee was required I gave it to the CEO or COO to sign. (I am currently requesting copies of this documentation) I was terminated in March 2009 and the debt occured in October 2009, 6 months after I stopped working there. The company closed it doors in October 2009. Can I be held liable for this debt? If they knew they were going to close the business is there any fraud involved on the owners part? Is there anything I can do?


Asked on 8/11/10, 2:53 pm

1 Answer from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

You definitely need the credit application to see if you signed it or the CEO or COO forged your signature as you "signed" the document six months after termination. If you did not sign it, you are not liable. If they knew they were going to close the doors and they said things to you to get you to sign the guarantee, this is fraud. The problem is that they probably don't have any money since they closed the doors.

If the collection agency has not placed the item on your credit report, I would wait until you got sued, which may never happen. If you are sued, then you sue the owners to pay anything you need to pay. If it is on your credit report, I can do some things to get it off your report. If the collection agency is calling you, if you hire me, I can stop the calls.

If you have any more questions or would like to hire me, please email me at [email protected]

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Answered on 8/17/10, 2:51 am


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