Unsecured debt

09-25-2005, 10:04 PM

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Join Date: Sep 2005

Posts: 2

Unsecured debt

What is the name of your state? California.
My late father loaned his accountant a large amount of money without any collaterel. The accountant was also appointed as one of two trustees, but stepped down when ask to by the heirs, because of a conflict of interest. The accountant now wants to settle with the heirs of the trust for a lesser amount, which would save him approx. $80,000. Can the estate attach a lien to his house to secure the loan?

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