Christina Paradowski, left, and Charles M. Tatelbaum, right, of Tripp Scott. An Unconditional and Irrevocable Personal Guaranty Not Always the Case When a Bankruptcy Court Is Involved
On Aug. 19, the Bankruptcy Court for the Eastern District of Wisconsin issued a decision that serves as a warning and a reminder for business and individuals alike who obtain personal guarantees as part of their business dealings. Indeed, an unconditional, absolute and irrevocable personal guaranty may not be so after all.
September 14, 2021 at 09:25 AM
5 minute read
On Aug. 19, the Bankruptcy Court for the Eastern District of Wisconsin issued a decision that serves as a warning and a reminder for business and individuals alike who obtain personal guarantees as part of their business dealings. Indeed, an unconditional, absolute and irrevocable personal guaranty may not be so after all.
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