What to do if we received an inheritance from an annuity, but the company is now claiming overpayment and wants the funds back?

What to do if we received an inheritance from an annuity, but the company is now claiming overpayment and wants the funds back?

The company that paid out is claiming there is another person listed as inheritor (which they missed originally) and they overpaid us. They want half of funds back. We do not have the money. Spent it on bills and outstanding loans. Threatening with collection if we do not repay. Do we have any recourse?

Asked on March 7, 2012 under Bankruptcy Law, Texas

Answers:

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