In Re: Guaranty for a Friend
Situation: A California law firm representing a husband and wife recommended Bernstein and Bernstein, P.C. to defend the couple in lawsuits in Pennsylvania stemming from the guarantee of business loans for a “friend.”
Relying upon their friend’s advice, the couple believed the early termination of their involvement in the business had released them from liability. The clients were pursued by three creditors in federal court for claims exceeding $300,000.
Action: Bernstein and Bernstein, P.C. attorneys succeeded in having one of the claims dismissed outright and settling the remaining claims for $20,000.