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student

if the executives have signed personal guarantees, what does bankruptcy mean to them

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One Response to “student”

Barton Goth GCO Bankruptcy Trustees said...

I am assuming you are referring to a corporate bankrutpcy. If a corporation files for bankruptcy and directors or executives have signed personal guarantees the corporate bankruptcy will have no impact on those guarantees and the directors / executives will still be personally responsible.

The only way a bankruptcy can remove these personal guarantes is if the directors / executives themselves file personally.