Legal Question in Business Law in Utah

Can I nullify a personal guarantee?

I have sold my interest in a company in which I signed several personal guarantees to vendors. Is there a way I can nullify or release myself from these liabilities with a written notice, public notice, or some other means?


Asked on 1/07/08, 9:15 am

1 Answer from Attorneys

Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Can I nullify a personal guarantee?

No. Hopefully, your sales agreement indemnifies you with the personal guarantees of the buyers.

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Answered on 1/07/08, 10:08 am


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