kind if stressing here.
in a partnership, 4 partners. we are 600k in debt. the business will close. the debt is personally guaranteed. if i as one of the debt holders were to die, can they attack my personal home i own with my wife
Posted by Specific-Incident-74
2 Comments
Not a lawyer or looped into your specific situation, but they’ll collect that money from you/your house/etc. even without someone dying
If the debt is personally guaranteed than anything you own will be subject to repaying the debt. Death or no death doesn’t change that.
Also please talk to someone if you are stressing. Remember that bad situations are temporary and you can and will bounce back.