LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

rahul (personal)     01 December 2014

Father debt

My father dies recently in an accident. while we are in ritual process some of the people come to home and told that they gave 15 lack to my father and i have to repay that. i told them sir he just died recently.. i have to see how he used that money and come back to you give us some time. i am working in a private company, i have not involved any of his money transaction, but now they are calling me frequently and asking for money from me. i don't have money to give them now. they have papers written by my father. suggest me what to do about this. what does IPC tell about this situation.

 

Thanks,

Rahul.



Learning

 3 Replies

Kumar Doab (FIN)     02 December 2014

As per amendment to Hindu Succession Act the son is not liable to pay the debt of father. The lenders (if genuine) can claim charge on estate of the deceased father... You may show the documents that lenders have shown/given to you to your lawyer and proceed further under Legal advice of your lawyer.

(Guest)

you are not liable to pay it..but if you are inheriting anything from him,the debt will be tied to that though..
sorry to hear the loss.but stay strong and no need to yield to this pressures from people and take it legally for whatever it takes.

rahul (personal)     04 January 2015

Thank you for your time and information.

i want to know one more thing.. till how much money and how long promissory notes are valued.

 

Regards,

rahul.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register