
Quoting
michiganguy
Was the business incorporated or a DBA ? Did the "letter" stimuplate if the loan was given to you or the business, include repayment terms? Did the person giving the loan materially participate in the business? If the loan was not shown as a business debt in the BK - did you consider it a persoanl loan that you chose to later use to invest in the business? Did the "letter" include joint liability for the loan including both you and/or the business for repayment?
Why not just make payment arrangements with the "relative" that was "very" kind" and supported your entreprenurial efforts? Or are they demanding full payment and you are not able to comply?