Legal Question in Business Law in Washington

Re: personal guarantee

Everything depends on what the contract says, and on how the non-profit was formed. If you signed as guarantor, you are probably stuck, although you might have recourse against the principals of the non-profit. I try not to write "go see an attorney" on every lawguru answer, but in this case, if the amount for the 48 month lease is significant, you might want to buy an hour or two of any attorney's time and find out what your rights are based on the contract you signed and the particulars of the non-profit.

Re: personal guarantee

Ms. Beecher is correct. The main benefit you get by posting quesions on LawGuru is that you have attorneys telling your if you need an attorney or don't. Most people who get into serious legal trouble got there because they didn't get an attorney when they needed them and could have avoided bankruptcy, jail time, losing their license or certification, etc. You are looking, I assume, at paying a lot of money because you were conned by someone. You will need an attorney on this one. I'm sure Ms. Beecher or our WA member in Seattle can assist you on this. NanceGroup.com