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Posts Tagged: Debt

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The Risks and Benefits of a Personal Guaranty

Wednesday, January 22 Posted in Blog, Commercial Litigation by deanna

By Joseph G. Ballstaedt 801-365-1021 [email protected] What is a personal guaranty? A personal guaranty is a legally binding promise that a person will fulfill the financial responsibilities of another. They are generally used to protect lenders or other types of creditors. For example, many lenders require small business owners to sign a personal guaranty as Read More

Tips to Businesses Extending Credit

Tuesday, June 30 Posted in Commercial Litigation by SNJ Legal Leave a comment

If your business extends credit to customers or if you are considering starting to extend credit to your customers, there are a few simple things you can do help with your ability to collect the money owed to you on your credit accounts. 1) Get it in Writing. Ideally you will have every customer that Read More

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