Muryum Khalid

Muryum Khalid

January 08, 2024 | New York Law Journal

NY Courts Revisit CPLR 3213 Statute's Applicability to 'Bad Boy' Guarantees

Financial institutions seeking to recover on promissory notes and unconditional guarantees can often obtain quick relief from CPLR 3213, but only if claims are "for the payment of money only." However, not all guarantees are eligible for expedited treatment under CPLR 3213.

By Adam Safer and Muryum Khalid

6 minute read