Blog Archives

Seller of business challenges bankruptcy discharge of owner’s personal guarantee of buyer’s note because owner did not disclose to seller a Department of Labor obligation

Seller was based in the greater Houston area, and owned and operated a franchise business which provided the elderly with in-home care services. Buyer’s Owners (husband and wife) wanted to buy the business from Seller. Seller and Buyer’s Owners negotiated

Posted in discharge in bankruptcy, misleading personal financial statement, personal guaranty, promissory note

Recent Comments