08/18/2026
The company's bankruptcy may have just made the guarantee your best asset.
A corporate discharge is not a guarantor's discharge. The entity's plan can erase the company's debt while leaving the individual who signed fully exposed, and where there is fraud, a false financial statement, or a defalcation, §523(a) can make that liability nondischargeable in the guarantor's own case. Bad-boy carve-outs and springing guarantees do similar work.
How often does the guarantee turn out to be the most valuable page in the file?
We enforce guarantees and litigate nondischargeability statewide. dunnlawpa.com.
The Creditor's Edge · a creditor-side series from Dunn Law, P.A.