The Dos and Don'ts of Guaranties

Virtual Learning  
Wednesday, June 05, 2024 9:00 AM - 12:00 PM   iCalendar Central Standard Time

Are you confident in obtaining, retaining, and enforcing a guaranty?  A guaranty often plays a crucial role in making credit facilities possible. Our seminar will equip you with the knowledge and skills to handle a guaranty effectively in everyday transactions. By attending, you can avoid common errors and ensure the success of your credit facilities. Don't miss this opportunity to enhance your professional capabilities.

This program will answer the following questions and some others as well:

  • What are the requirements for a valid guaranty?
  • What kinds of guaranties are there?
  • Where and when should a guaranty be signed?
  • Does a guaranty apply to a renewal note?
  • Does the transfer of a note also transfer its related guaranty?
  • Can you change the loan terms without releasing the guarantor?
  • Can a guarantor be released without releasing a co-guarantor?
  • How does a release of certain collateral affect a guarantor?
  • How does the failure to perfect a security interest in loan collateral affect a guarantor?
  • When should a Reaffirmation of Guaranty be used?
  • Must a bank sue a defaulted borrower before pursuing a guarantor?
  • Can you recognize a guarantor's revocation of a guaranty?
  • How does the death of a guarantor affect his/her liability?
  • Does a failure to liquidate loan collateral in a commercially reasonable manner affect a guarantor's liability?
  • What are the bank's obligations to a guarantor?
  • Does a borrower's bankruptcy filing discharge the guarantor from liability?  

Our esteemed presenter, Michael L. Weissman, brings a wealth of experience to this seminar. As Of Counsel to law firms Holland & Knight and Foley & Lardner, he has specialized in documenting commercial loan transactions and representing financial institutions in civil and bankruptcy matters.  He has also served as the Bridgeview Bank Group's Executive Vice President and General Counsel. With a rich academic background, including a J.D. from Harvard Law School, a B.S. from Northwestern University, and an M.B.A. from the Wharton Graduate Division of the University of Pennsylvania, Mike's expertise is unparalleled. He has taught banking classes in various countries and is an active member of the ISBA's Section Counsel on Commercial Banking, Bankruptcy, and Collections. His extensive knowledge and experience make him the perfect guide for this seminar.

Per Person Fee 
IBA Member  $195 
Nonmember  $325

Virtual Learning