Originally Posted by Big Uncle

Our firm is occasionally involved in this type of issue. It sounds like the debtor had their feet held to the fire and had to scratch up enough cash to quickly satisfy an unhappy bank. In this type of event the bank usually demands repayment for some debtor default issue and files suit soon after to protect their position and to turn up the heat on the debtor. These problems are almost always settled to the bank's satisfaction in a reasonable period of time and rarely go to court. The only folks that truly know the situation are the involved parties.

I am not really a gambling man but my bet is that if this gets nasty that the debtor will come out on the short end. Probably neither side will want this to go any further and it will soon be forgotten.