Directors Loan unauthorised

[HattyBeth]

Hi,

My husband has just cancelled his directorship with a limited company following issues with the other director.

There is an outstanding loan account, part of which (18K) has been allocated to my husband according to the other director (his loan is 60k).
This directors loan was taken out prior to my husband taking the post as director, and he has never signed any documents to acknowledge this loan.

This has all been done on the advice of the accountants the loan account that was allocated to my husband after 1 year of working at the company, he was initially given his share for work done in previous years however after the year a directors loan of 25k to pay for my husbands shares was added against him this was wittled down by not taking a dividend, the accountants the advised taking a small wage and a dividend to both share holders however as the company has made substansial losses this last financial year the loan account stands at �18k, and the company is pretty much insolvent.

How does he proceed with this? any help/advice greatly appreciated.

Thanks

Beth