My daughter got divorced some three and a half years ago and part of the settlement, made an order of court, was that she must be provided with a suitable home for herself and two small children. The understanding was any bond must be settled within 2 years. Her ex approached his bankers and being a good client the bond was granted purely against his guarantee. This was granted depite the fact that she was unemployed, had maintenance income from him as well as interest income out of his business. The actual capital of R2.6m was purely a book entry in his business that he undertook to give her as part of the settlement. His company went under and he was sequestrated. She no longer get interest income and about one fifth of the original amount of maintenance. He ceased servicing the bond and she was faced with the bond repayment of R15,300 pm, she is still unemployed. With my assistance we manage to make ends meet but can no longer meet that obligation. Granting of the bond was totally reckless lending by the bank as the bondholder's financial situation to repay was not assessed and we intend making the bank an offer of half the bond amount with a 10% escalation and if not accepted go to court. Anyone with knowledge of this type of situation, advice.?