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Paying a loan taken out to a company being investigated by serious fraud office

wardlc
wardlc Posts: 35 Forumite
My in laws took out a huge bank loan to pay for a holiday home as an investment but it was never built. The company took the loans out in their names although they obviously signed the paperwork. The company involved are under investigation by serious fraud office as numerous investors were duped. How do they stand with continuing to keep up the loan reoayments. Is there anything we can do?

Comments

  • Arleen
    Arleen Posts: 1,164 Forumite
    1,000 Posts Combo Breaker
    Yes there is - meet with a solicitor who will look over the case. Random people on the internet won't be able to help you with that, and you will be unwise to seek it, sorry.
  • MrsTinks
    MrsTinks Posts: 15,238 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
    I'd be inclined to agree with Arleen on this one... you're talking about an ongoing fraud investigation and legalities of a debt concerning this... I think you need to tell your in-laws that they need good legal representation on this one I'm afraid.
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
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