skipper295
Junior Member
massachussettes
i had personally guaranteed a bank loan to a compnay that i now own a very small percentage in (less than 10%). I was forced to pay $2,000,000 on the bank loan when the company could not repay the money. I have now been released from that guarantee.
Do I have any recourse to recover any this money from the company? What would the process be?What is the name of your state (only U.S. law)?
i had personally guaranteed a bank loan to a compnay that i now own a very small percentage in (less than 10%). I was forced to pay $2,000,000 on the bank loan when the company could not repay the money. I have now been released from that guarantee.
Do I have any recourse to recover any this money from the company? What would the process be?What is the name of your state (only U.S. law)?