I am a housewife, My husband took some loan for his business from 3 different banks. However he died 2 years back, now the banks have filed case against me and my children for recovery. My economical condition is very bad, one of my kid is just 15 and there is no help for me from anybody and in current condition after death of my husband,its getting even harder to pay rent of our house. I need answer for below questions
1) We had not inherited any property from my hudband, am i liable to repay loan?
2)If we lost case in court, what is outcome, since i dont even have money to pay fees of advocate
3) All loans taken by my husband were not even known to me, only after i got notices of court,i came to know it
4) Any valuable gudiance recieved will be appreciated