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Personal Guaranties Moratorium

Harris Beach PLLC

NYC Extends Moratorium on Enforcement of Personal Guarantees of Commercial Leases Affected by COVID-19

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On Sept. 23, 2020, the New York City Council amended the personal guarantor provisions of Local Law 55 of 2020, which went into effect on May 28, 2020 and was designed to protect businesses affected by Gov. Andrew Cuomo’s...more

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