Bankruptcy
May 6, 2017
Non-debtor guarantors can run, but they can't hide
A corporate bankruptcy may slow down a creditor's action against the non-debtor guarantor, but it usually won't stop it. By Ronald N. Richards and Howard N. Madris
Ronald N. Richards
Law Offices of Ronald Richards & Associates, APCcriminal, civil and bankruptcy law
PO Box 11480
Beverly Hills , CA 90213
Phone: (310) 556-1001
Fax: (310) 277-3325
Email: ron@ronaldrichards.com
University of LaVerne College of Law
Ronald practices criminal, civil and bankruptcy law at Beverly Hills-based Law Offices of Ronald Richards & Associates
As boxer Joe Louis once said, "he can run, but he can't hide." Although Louis was referring to his upcoming opponent Billy Conn, the same can said of a personal guarantor of a debt of a bankrupt corporation. A corporate bankruptcy may slow down a creditor's action against the non-debtor guarantor, but it usually won't stop it. Indeed, it is usually prudent for the creditor to sue and otherwise aggressive...
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