Norman J.

Editor’s Note: Norman J. Leonard is a member of the Creditors’ Rights Practice Group at Ward and Smith, P.A. When lenders make a loan to a closely-held company, they frequently require one or more of the company’s principals to personally guarantee repayment of the loan. Sometimes a lender will...

Editor’s Note: Norman J. Leonard is a member of the Creditors’ Rights and Intellectual Property Practice Groups at Ward and Smith, P.A. Unless you operate a retail business selling to individual consumers, you probably sell your goods and services to customers on credit. You may, at one time or...