How to Enforce a Personal Guarantee on a Business Loan in New York After the Borrower Defaults
In New York, a lender can enforce a personal guarantee by suing the guarantor for breach of contract and may obtain a money judgment in as little as 6–18 months, depending on defenses and motion practice. After a business borrower defaults, the guaranty’s exact language, notice requirements, and New York enforcement procedures drive outcomes. This […]