Nagendra*** (Manager) 24 October 2014
Hello Attorney, Need your advise here... My Friend has availed a loan from a bank with out any surity. He has used the money for his child's education & daughters marriage.Unfortunately he had a massive heart attack & expired a month ago. What will happen to the outstanding loan amount, as his son not in a position too re-pay the same. Please advise.
V M DAHAKE (PROPRIETOR) 24 October 2014
Dear Sir,
Strictly speaking bank would have claim against his assets for repayment. Check the facts and try to settle the issue through negotiation.
Advocate Rajbir Singh Dhanda (owner) 31 October 2014
hello sir, Need your advise here...
V M DAHAKE (PROPRIETOR) 31 October 2014
| Originally posted by : Advocate Rajbir Singh Dhanda | ||
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hello sir, Need your advise here... |
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It is not clear to me what exact advice is required. Please clarify?. Just to add, son ( treated as a separate entity from father ) is legally not liable for any amount over and above what he inherits from father.
Sudhir Kumar, Advocate (Advocate) 04 November 2014
you are advised.
Nagendra*** (Manager) 04 November 2014
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