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Recently widowed - fighting against bank debt & life insurance failure to payout!!
Hi all
I am a recent widow looking for urgent legal advice. This site has been recommended by a friend who is aware that I am struggling with a large high street bank who is pursuing me for my late husbands business credit card debt and loan of around £30k, due to unfortunately signing a personal guarantee, but not understanding the implications or receiving any legal advice as to what I was signing at the time. My late husband made me a Director of his company for tax reasons apparently, however I asked him to resign me from this ‘role’ as I knew nothing about running a business and did not want any comeback as I was employed full time. He unfortunately did not cancel out my guarantee with the bank, even though I had resigned as a ‘Director’. I was also sadly unaware of my husbands serious mental health issues, which led to him taking his own life, which is how the guarantee has fallen onto me. Furthermore, his life insurance policy is refusing to payout, for reasons that he did not disclose his mental well-being to them in a tick box form. He held the policy for almost 6 years! They have merely paid his premiums back to me, a minimal amount, as opposed to a £300k life cover! I am desperate for help or advice on any case law to fight both these situations which have now reached the Ombudsman stage. Really appreciate any advice!! Best, widow.2019
I am a recent widow looking for urgent legal advice. This site has been recommended by a friend who is aware that I am struggling with a large high street bank who is pursuing me for my late husbands business credit card debt and loan of around £30k, due to unfortunately signing a personal guarantee, but not understanding the implications or receiving any legal advice as to what I was signing at the time. My late husband made me a Director of his company for tax reasons apparently, however I asked him to resign me from this ‘role’ as I knew nothing about running a business and did not want any comeback as I was employed full time. He unfortunately did not cancel out my guarantee with the bank, even though I had resigned as a ‘Director’. I was also sadly unaware of my husbands serious mental health issues, which led to him taking his own life, which is how the guarantee has fallen onto me. Furthermore, his life insurance policy is refusing to payout, for reasons that he did not disclose his mental well-being to them in a tick box form. He held the policy for almost 6 years! They have merely paid his premiums back to me, a minimal amount, as opposed to a £300k life cover! I am desperate for help or advice on any case law to fight both these situations which have now reached the Ombudsman stage. Really appreciate any advice!! Best, widow.2019
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