Dublin82015
Registered User
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- 2
Hi All,
Just looking for some views on a particular situation.
Deceased passed away 8 years ago. A couple of years prior to that the deceased would have sold his business to another director.
It appears that the deceased was a personal guarantor on a loan that was either in the name of company or the other director. Not sure of which.
The bank in question have recently sent a letter addressed to the Representatives of the deceased estate looking for full payment within 7 days. The loan is now in default.
It's the First correspondence that has been sent to the representatives of the estate in relation to this matter.
It's a large amount which has caused massive stress to those involved as they were unaware of any loan until this letter arrived.
Does anyone have any experience of this situation?
They're taking legal advice at the earliest opportunity but would appreciate any opinions.
Thanks.
Just looking for some views on a particular situation.
Deceased passed away 8 years ago. A couple of years prior to that the deceased would have sold his business to another director.
It appears that the deceased was a personal guarantor on a loan that was either in the name of company or the other director. Not sure of which.
The bank in question have recently sent a letter addressed to the Representatives of the deceased estate looking for full payment within 7 days. The loan is now in default.
It's the First correspondence that has been sent to the representatives of the estate in relation to this matter.
It's a large amount which has caused massive stress to those involved as they were unaware of any loan until this letter arrived.
Does anyone have any experience of this situation?
They're taking legal advice at the earliest opportunity but would appreciate any opinions.
Thanks.