Personal Guaranty of Commercial Lease Held Discharged in Guarantor's Bankruptcy

As we get ready for the predicted enhance in bankruptcy filings caused by the COVID-19 pandemic’s affect on the economic climate, a lot of practitioners are making an attempt to compare this to the savings and bank loan crisis of the late 1980s. A person of the problems that keeps coming up cycle right after cycle is irrespective of whether a personal guaranty of a professional lease is discharged in the bankruptcy of the unique guarantor. Courtroom selections have break up on this concern for yrs.