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Personal guarantees

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sheetmetal

Junior Member
What is the name of your state (only U.S. law)? New Mexico

I recieved a judgement in small claims court from a LLC Company that owed our company money. He signed a personal guarantee on our Credit Application. Do I have to sue him personally now to freeze his bank account or assets?
 


Antigone*

Senior Member
What is the name of your state (only U.S. law)? New Mexico

I recieved a judgement in small claims court from a LLC Company that owed our company money. He signed a personal guarantee on our Credit Application. Do I have to sue him personally now to freeze his bank account or assets?
Why didn't you sue him personally if you have the personal guarantee when you sued the LLC?
 

tranquility

Senior Member
While I'd have to look to be sure, there is a possibility you lost the chance to sue on the personal guarantee by not including it in the lawsuit. You might post in the debt collections forum and delete this one. While there are things you may be able to do at this time, you probably can't do them on your own without a lot of study.
 

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