Personal Guarantor under IBC

Who is Considered as a Personal Guarantor under IBC?

Personal guarantees are generally used in small or micro businesses or those with inadequate credit history. The Insolvency and Bankruptcy Code of 2016 provides a mechanism for creditors to recover the corporate debtor’s debts, even if the corporate debtor defaults on doing so, by having the corporate debtor have a personal guarantor. Personal Guarantor under […]