Legal Question in Credit and Debt Law in Texas

Small business loans

I own a restaurant and requested a few loans from financial companies (I was required to sign personal guarantees) but my business is not doing well. If I cannot repay these loans what are the legal consequences I will have to face? The business is under DBA.


Asked on 5/05/07, 6:31 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Small business loans

You will be sued for the money you owe.

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Answered on 5/06/07, 2:32 pm


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