Legal Question in Civil Litigation in Texas
I have a judgement against me as a personal guarantor and corporately. The conpany who has a judgement against me just went through Chapter 7 liquidation and is no longer in business. Can their council still try to collect on this judgement representing his client, which no longer exists as a company? Is he missrepresenting himself?
Asked on 9/14/09, 3:44 pm
1 Answer from Attorneys
If you personally guaranteed a debt, then you are personally on the hook for the debt, no matter what. As for the company's chapter 7, the judgment may have been sold to a third party to attempt to collect the debt, or the bankruptcy trustee might have retained counsel to collect the debt on behalf of the bankruptcy estate.
Answered on 9/19/09, 9:11 pm