i guaranteed the lease of a company filing a chapter 11 bankruptcy.

[jrhnsn]

lease guaranty

What is the name of your state? Utah

several years ago i guaranteed the debt of a corporation that is now considering a chapter 11 filing. am i protected under the automatic stay?

 

[HomeGuru]

Re: lease guaranty

What is the name of your state? Utah

several years ago i guaranteed the debt of a corporation that is now considering a chapter 11 filing. am i protected under the automatic stay?

**A: no because you are personally liable for the lease. Only the corporation is protected under BK, not you indivdually.