Personal Guarantees
One signature can transform a business problem into a personal financial crisis.
Business owners often sign personal guarantees without considering what happens if the company can't pay. Years later, when the business closes or defaults, the creditor may pursue the owner individually.
That can put personal bank accounts, income, property, investments, and other assets at risk, subject to applicable law and exemptions.
Depending upon the circumstances, the available approach might include:
01 - Negotiation
02 - Settlement discussions
03 - Litigation defense
04 - Restructuring
05 - Bankruptcy analysis
06 - Incorporating the guarantee into a broader financial recovery or business closure plan
Why You Should Hire Us?
River Debt Defense, APC helps business owners evaluate liabilities arising from personal guarantees and develop strategies for addressing them.
- Examine the problem from both sides
- Protect the business where possible
- Address the owner's personal financial exposure.
A demand letter does not necessarily mean you should immediately agree to whatever the creditor requests.
It means it is time to understand your exposure:
Extensive review of documents
Personal guarantees can be buried in loan agreements, credit applications, financing contracts, and other documents. We carefully examine the paperwork to determine exactly what you agreed to—and what obligations may exist.
Identify exactly what was guaranteed, by whom, for how much, & under what circumstances
Not all guarantees are the same. We identify what was guaranteed, to whom, under what circumstances, and for how much—including any limitations or conditions that may affect your personal exposure.
Identify what rights a creditor claims after default
A default can give creditors significant collection rights. We assess what actions a creditor may take against you personally, what assets may be at risk, and what options may be available to resolve or defend against the obligation.
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How to process the business investigation?
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What are the charges of investigation?
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Check benefits of choosing our services?
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How to contact with our expert investigators?
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