Bank asking me to clear an old loan on a dissolved company

C

CP71

Registered User
Messages
12
My husband died a few months sago and I a few weeks ago I went into the bank to get his name off the current account. I received a letter confirming they've done that and also asking me to pay an outstanding term loan of nearly €7k from his estate for a company that was dissolved in 2008. I wasn't aware of it and I found the documentation for the loan and the last communication was in 2014. I dont have that kind of money and Im not sure what I should do.
 
The company is completely separate from the individual.

If the company owes money, that is different from the individual owing the money.

If your husband gave a personal guarantee, he would have been liable for the loan. But I think you should ignore them and they probably won't pursue it.

Brendan
 
If you don't want it hanging over you, you could write them a nice letter along the lines of...

I visited the branch on xxx and met Ms yyy

She asked me to clear the loan owing by zzz ltd.

Neither my husband, now deceased, nor his estate, has any liability for this loan which was to a separate legal entity, zzz ltd.

Y.S.

But they will probably send you a copy of a personal guarantee they gave him.
 
You could check if the loan became statute barred after 6 years.

But no need to do that until you get a reply to the above letter.

Brendan
 
You must log in or register to reply here.
Back
Top