How to Enforce a Personal Guarantee Against a Defaulting Texas LLC After a Business Loan Goes Unpaid
A lender can enforce a personal guarantee in Texas by suing the guarantor for the unpaid balance, interest, and attorneys’ fees—often within a 4-year limitations period. When a Texas LLC defaults on a business loan, the guarantee can create direct liability even if the LLC has no assets. This article explains the steps, evidence, defenses, […]