Thank you again. I was able to negotiate a settlement since the plaintiff had no case without the personal guarantee. As stated earier, I'm not looking to skip out on my debt, but when your company fails there is little you can do. I was hoping to get input on my settlement letter. I asked for a "complete release" to be include in my settlement, I have listed it below. I just want some feedback on if it is missing anything before I sign.
"As a duly authorized agent of the above referenced client, we will agree to accept $1,000 as a full and final settlement of any and all claims of "Plaintiff Company Name". This settlement releases "My Name" of all obligations and liabilities to "Plaintiff" providing the check is received at "Lawyer Name" before 10/31/09. "
My only concern is the release has my name and not my LLC, although my LLC is listed at the top of the document.

