Bankruptcy
May 4, 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.
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
Howard N. Madris
Law Office of Howard N. Madris, A P.C.bankruptcy and insolvency law
424 S Beverly Dr
Beverly Hills , CA 90212
Phone: (310) 277-0757
Email: hmadris@madrislaw.com
Boston Univ School of Law
Howard N. Madris practices bankruptcy and insolvency law at Beverly Hills-based Law Office of Howard N. Madris, A P.C.
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 aggressively pursue the guarantor as part of an overall holistic approach - particularly where th...
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