is there a way to get an imprisoned man be responsible for his debts instead of his guarantor?

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    LegalHelp

    answered on 13/08/2019

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    Some loan agreements allow lenders to recall the loan from the guarantor in scenarios other than the borrower's failure to keep up with payments. Additionally, loan agreements often do not contain provisions that require a lender to try to recover payment from the borrower first before seeking payment from the guarantor. Frequently, the borrower and guarantor are also both explicitly designated as being jointly and severally liable for the debt. Please read through the terms of the loan agreement carefully, and for more information please refer to https://singaporelegaladvice.com/law-articles/loan-guarantor-issues and https://www.singaporelawwatch.sg/Headlines/ch-23-the-law-of-guarantees

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