R Ravima Registered User Messages 2,818 23 Mar 2007 #1 if a person gives a personal guarantee for a business loan, then sells the business, how can one get released of the guarantee?
if a person gives a personal guarantee for a business loan, then sells the business, how can one get released of the guarantee?
B bond-007 Registered User Messages 3,171 23 Mar 2007 #2 No, not unless the loan has been discharged. I would discuss it with the bank in question but I suspect that they will not be too agreeable.
No, not unless the loan has been discharged. I would discuss it with the bank in question but I suspect that they will not be too agreeable.