California Court of Appeal

In a lender's suit against two guarantors on the guaranty for the borrower's default, trial court's order of attachment against the property of each of the guarantors for the alleged debt balance of about $90 million is affirmed as the property of a guarantor of a debt -- a debt which is secured by the real property of the principal debtor and also that of a joint and several co-guarantor -- is subject to attachment where the guarantor has contractually waived the benefit of that security.

Appellate Information

• Decided 07/12/2010
• Published 07/12/2010

Judges

• BUTZ, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• Lee Roy Pierce, Marc A. Levinson