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Updated almost 10 years ago on . Most recent reply
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Enforceability of Corporate Guarantee?
Hey BP,
I'm considering investing with a group that does flips and they provide a corporate guarantee backed by both their liquid and non liquid assets on all investor funds that they accept.
While I have some familiarity with personal guarantees on loans received from banks, I've never dealt with a guarantee from the other side of the table. Does anyone have experience in having an investment guaranteed and the enforceability of such a guarantee? If the catastrophic happened, what's stopping the group from liquidating everything and closing up shop?
Thanks in advance.