Legal Question in Real Estate Law in Minnesota

Protection against builder bankruptcy

I am looking at buying a new construction home and upon doing so research I found that the builders had a previous company that filed bankrupt so they changed names and started building again. Is there anything I could do to protect myself from a future bankruptcy claim such as a personal guarantee? Thank You

Asked on 4/24/09, 10:20 pm

1 Answer from Attorneys

Daniel Reiff Reiff Law Office

Re: Protection against builder bankruptcy

I don't mean to duck your question, but you probably need to talk to an attorney. You certainly have cause for concern, and you are certainly on the right track. I can't guarantee that a personal guarantee will be enough, though.

MY STANDARD DISCLAIMER: This is not intended to be legal advice or to create an attorney-client relationship. No attorney-client relationship is intended until you and I sign a retainer agreement.

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Answered on 4/30/09, 11:12 pm

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