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Bounce Back Loans
archiecorelli
Posts: 5
Forumite
in Loans
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?
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Who administered probate?0
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Was the loan in the name of the individual as a sole trader, or a Ltd Co.?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 Estate solvent?0 -
Nowhere near sufficient information for meaningful feedback.0
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