[WSBAPT] Allowance of Creditor's Claim

[Paul Neumiller]

Dear Listmates;  I have a question about the Allowance of a Creditor's Claim.  Decedent ("D") and Surviving Spouse ("SS") obtain unsecured loan from private party ("PP").  Loan is being paid over time.   SS is now D's Personal Representative.  Notice to Creditors sent to PP and PP files a Creditor's Claim for the outstanding principal balance of the loan.  SS acknowledges the loan but I'm afraid of simply sending an Allowance of Creditor's Claim without mentioning that it is being paid over time at a set interest rate.  Do I send an allowance that just says "Yeah, we acknowledge the total"  or should we send an allowance that says "We agree to the total but by agreement of the parties, it's being paid at $$$ per month at XX%."




IMPORTANT NOTICE:  This e-mail message is intended to be received only by persons entitled to receive the confidential information it may contain. E-mail messages to clients of Paul A. Neumiller presumptively contain information that is confidential and legally privileged; e-mail messages to non-clients are normally confidential and may also be legally privileged. Please do not read, copy, forward or store this message unless you are the intended recipient of it. If you have received this message in error, please forward it back to the sender and delete it completely from your computer system.

E-mail communication on the Internet may NOT be secure. There is a risk that this confidential communication may be intercepted illegally. There may also be a risk of waiving attorney-client and/or work-product privileges that may attach to this communication. DO NOT forward this message to a third party. If you have any questions regarding this notice, please contact the sender.
 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: Paul A  Neumiller.vcf
Type: text/x-vcard
Size: 34670 bytes
Desc: Paul A  Neumiller.vcf
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20180927/058d26a7/PaulANeumiller.vcf>