{"id":1732,"date":"2017-11-21T15:09:51","date_gmt":"2017-11-21T15:09:51","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=1732"},"modified":"2023-08-17T06:12:25","modified_gmt":"2023-08-17T06:12:25","slug":"guarantor-rights","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/guarantor-rights\/","title":{"rendered":"Update on ways to protect yourself as a guarantor"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”1″ percent_sign=”off” _builder_version=”4.19.5″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/06\/regulations-conditions-rules-standard-terms-concept-scaled.jpg” title_text=”Regulations Conditions Rules Standard Terms Concept” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Rights of the guarantor In\u00a0<\/span><\/span>\u00a0a significant judgment of November 15, 2017 (\u00a0<\/span>Cass. com., November 15, 2017, n\u00b0 16-16790<\/span><\/a>\u00a0), the commercial chamber of the Court of Cassation affirmed that banks have the obligation to inform and Notify Guarantors When Committing to Guarantee a Loan.\u00a0<\/span><\/span>As a specialized lawyer in Nice, I can assist you in questioning your commitment as a\u00a0\u00a0<\/span>guarantor\u00a0<\/span>\u00a0.<\/span><\/p>\n

Information obligation of banks: protection of the rights of guarantors: \u2013<\/span><\/h2>\n

In this case, a bank granted a loan of 60,000 euros to a company to finance the acquisition of a business.\u00a0The bank has secured its position with a pledge and joint surety from the manager.<\/span><\/p>\n

When the manager ran into financial difficulties and was unable to repay the loan, he sought to hold the bank responsible for failing to give adequate warning.\u00a0The bank’s liability is at stake if it fails to inform the guarantor, who may lack financial expertise, of factors such as the high probability of failure, the inadequacy of the loan with the financial capacities of the borrower and the guarantor, or the risk of over-indebtedness resulting from the guaranteed loan.<\/span><\/p>\n

Challenge the actions of the bank: challenge the responsibility of the guarantor: \u2013<\/span><\/h2>\n

The Court of Cassation recalls the significant responsibility of banks when granting loans, in particular when they require a guarantee from the guarantor.\u00a0Often, individuals who stand as guarantors commit without fully understanding the implications, which can lead to difficult financial situations, including over-indebtedness.<\/span><\/p>\n

At our law firm, we assist you in challenging bank actions relating to guarantees, ensuring that your rights as a guarantor are protected.\u00a0<\/span><\/span>We understand the complexities involved and can guide you through the legal process, working to protect your\u00a0 financial\u00a0<\/span>well-being\u00a0<\/span>\u00a0.<\/span><\/p>\n

DAMY Law Firm<\/span><\/a><\/p>\n

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Rights of the guarantor In\u00a0\u00a0a significant judgment of November 15, 2017 (\u00a0Cass. com., November 15, 2017, n\u00b0 16-16790\u00a0), the commercial chamber of the Court of Cassation affirmed that banks have the obligation to inform and Notify Guarantors When Committing to Guarantee a Loan.\u00a0As a specialized lawyer in Nice, I can assist you in questioning your […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[332],"tags":[],"class_list":["post-1732","post","type-post","status-publish","format-standard","hentry","category-banking-law"],"yoast_head":"\nUpdate on ways to protect yourself as a guarantor - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Guarantor Rights in a significant judgment on November 15, 2017 (Cass. com., November 15, 2017, no. 16-16790), the commercial chamber\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/guarantor-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Update on ways to protect yourself as a guarantor - 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