Bounce Back Loans

archiecorelli

Bounce back loans were introduced during Covid and have now expired. The husband of a client of mine took out a BBL of £50,000 in 2020/21. He died in 2022. His wife did not know about the loan. There is still £48k outstanding. Is she able to request it be written off as the debtor has since died?

Hoenir

Who administered probate? 

Grumpy_chap

archiecorelli said:

Bounce back loans were introduced during Covid and have now expired. The husband of a client of mine took out a BBL of £50,000 in 2020/21. He died in 2022. His wife did not know about the loan. There is still £48k outstanding. Is she able to request it be written off as the debtor has since died?

Was the loan in the name of the individual as a sole trader, or a Ltd Co.?

Was the Estate solvent?

MEM62

Nowhere near sufficient information for meaningful feedback.