DON’T PUT YOURSELF AT RISK! Watch this first. It is very important to fully understand a personal guarantee prior to signing one. By personally guaranteeing another person’s or company’s debt, you become liable under that debt. A personal guarantee secures a loan against you.This is true even if the creditor had no other legal way they could otherwise enforce the debt against you personally. Watch this video for more!
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The Kahane Law Legal Minute is brought to you by Jeff Kahane of Kahane Law in Calgary, Canada. http://www.KahaneLaw.com/ (403) 225-8810
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WARNING: This presentation is for LEGAL INFORMATION ONLY. Laws will vary by jurisdiction. They also may change by legislation or court ruling. Each situation is different and no one rule applies to every situation so it is IMPORTANT for you to contact a lawyer to get legal advice specific to your situation.