RBS Sues Over Default On Loan For Ince Investment

By Silvia Martelli (April 26, 2022, 5:43 PM BST) -- The Royal Bank of Scotland has sued a customer for more than £200,000 ($250,000) outstanding on a loan for an investment in law firm Ince & Co after he allegedly defaulted.

The Royal Bank of Scotland PLC said in a High Court claim filed on Nov. 11, which is now public, that Tim Schommer violated the terms of the loan agreement by failing to meet the scheduled payments for a £168,000 loan after he defaulted on it.

The bank agreed to help Schommer with his investment in law firm Ince & Co International LLP in 2017. But Schommer defaulted on the loan...

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