Late husband took personal loan out with ANZ bank for friend/boss under the guise of it being a mortgage loan, they needed it to save their company (which also happens to be the company my late husband worked for), now I the widow signed on as guarantor at the time of the loan being created, have now sold the family home with my children to pay off the loan taken out as the friend/boss s company went into liquidation and he had no money left and claimed he had already paid it back (which he had not, hence me selling the house just to pay the bank back). Realistically speaking, with all things considered, do I have much of a chance taking this man to court to attempt to get this money back, or taking the liquidated company (which has now also been contracted) to court as this man is still technically head of the company?
Read more: Loan taken out under mortgage but really for personal use (loan to friend)?
