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Bankruptcy And The Personal Guarantee

Bankruptcy And The Personal Guarantee.

Bankruptcy And The Personal Guarantee A personal guarantee is a contract wherein an individual agrees to pay a business debt. A business owner will often sign a personal guarantee if a company needs to make a purchase on credit for things such as real estate, inventory, supplies, or services. By signing the agreement, the owner… Continue reading Bankruptcy And The Personal Guarantee

Pre-Negotations Of Real Estate Loans

Pre-Negotations Of Real Estate Loans.JPG

Pre-Negotations Of Real Estate Loans A pre-negotiation letter establishes the framework for the parties to discuss either a loan modification, loan workout, or some other option. It is commonly entered into if the borrower requests a loan workout or forbearance following one or more default notices but before the start of formal enforcement proceedings. This… Continue reading Pre-Negotations Of Real Estate Loans