SecurAmerica Business Credit v. Karl Schledwitz and Terry Lynch

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON July 19, 2011 Session SECURAMERICA BUSINESS CREDIT v. KARL SCHLEDWITZ and TERRY LYNCH Direct Appeal from the Circuit Court for Shelby County No. CT-001803-07 Donna M. Fields, Judge No. W2009-02571-COA-R3-CV - Filed August 26, 2011 This is a guaranty case. Appellants personally guaranteed a line of credit for their trucking company. Later, Appellants sold the trucking company to two employees, but were not released by the Appellee lender from their guaranties. Under new ownership, the company falsified borrowing documents so that more money was…