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can i get out of a personal garauntee

New JerseyConstruction Contract

I sighned a personal garauntee for a line of credit and did not know anything about it

1 reply

Oct 8, 2019
A signed personal guarantee would be hard to get out of if it's been signed by the relevant parties. But, depending on the agreement itself, that might be possible. It'd be wise to consult a local New Jersey attorney. They'll be able to review the agreement and advise on what next steps may be helpful. For a little more discussion on personal guarantees, generally, here are some great online resources: (1) 6 Things to Know About Personal Guarantees (2) How to Limit Risks on Personal Guarantee Business Loans
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