What if the bank lender runs away from the guarantor?

According to the guarantee law, guarantee can be divided into general guarantee and joint liability. If it is a general guarantee, the creditor can only recover from the debtor through litigation first. Only when the debtor's property is still insufficient after the execution, the guarantor will continue to bear the repayment responsibility. If it is joint and several liability, when the debtor is unable to repay, the creditor may require the guarantor to perform the debt. In contrast, joint and several liability guarantee is undoubtedly more risky for the guarantor. Once the borrower runs away and the debt cannot be paid off, as a guarantor, we should pay attention to whether it can be exempted from liability. Generally speaking, if the guarantee contract is invalid, the guarantor will be partially exempted.