As part of our Los Angeles based real estate litigation practice we are seeing an increase in litigation on commercial guarantees. In fact, in the past few months we have had 3 cases arising out of commercial guarantees. Most banks and lending institutions, as a condition for lending money, require business to provide guarantees for the loan by individual members of the business. This is also true in most commercial leases.
As part of these commercial guarantees, banks typically require the guarantors to waive nearly all of their defenses (even the statutory ones provided for in California’s Civil Code) that could possibly prevent the bank from collecting on the guarantees. At times, however, there are certain guarantees that the guarantors cannot waive by law. These can give the individual guarantors leverage against the bank in negotiating a cancellation of the guarantee or a settlement. In addition, guarantors can dispute the validity of the guarantee or simply negotiate with the bank about the bank’s inability to enforce the guarantee because of the guarantor’s financial condition.
Schorr Law can help guarantors successfully negotiate the end of their commercial guaranty. Our attorneys are uniquely positioned to provide you with an energetic, results-oriented, system of dispute resolution designed and proven to achieve the end results our clients desire.
By implementing a results-oriented system of litigation we develop a comprehensive case plan for your dispute, working backwards from your desired result. In so doing, we have a proven track record of obtaining the results our clients desire.
For more information or help with your dispute, contact Schorr Law, APC, www.schorr-law.com, 310-954-1877, firstname.lastname@example.org