Overdrawn Directors Loan Account

Sep 1, 2017

In a case recently settled by Cavendish IP Solutions, a director had been disputing payment of her overdrawn loan account.

In a case recently settled by Cavendish IP Solutions, a director had been disputing payment of her overdrawn loan account. Following an analysis by Cavendish IP Solutions it was found that the extent of the withdrawals was in fact 25% higher than the IP had originally ascertained.

In the opening negotiations, the Director was reluctant to settle and disputed the loan amount. However, further evidence gathered by Cavendish IP Solutions, convinced her and her solicitors of our unassailable position. A settlement was reached within 3 months of the case being taken on.