Belleville, NJ asked in Bankruptcy and Collections for New Jersey

Q: I closed my business.can't pay back my business loan and I personally guaranteed If i get sued and not appear at court?

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4 Lawyer Answers

A: You will get sued and you should appear and try to settle it.

A: You should go to Court or speak with a bankruptcy lawyer

Stuart Nachbar agrees with this answer

Stuart Nachbar
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Answered

A: If you do not appear, they will get a default judgement against you. You might want to consider bankruptcy to avoid the loan, depending on your personal assets and other liabilities

A: If you do not appear, they get a default judgment against you.

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