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Sreeni (consultant)     19 August 2014

Wife liability for husband debts

Hello Members.

My mother has gifted property (flat) registered on her name.  My father has debts made with out knowledge of my mother or myself.  I have a flat with my wife as co applicant. We have no property inheritance from my father by me or by my mother.

Please help us understand our liability of debt taken by my father of which we donot have any knowledge.

Regards

sreeni



Learning

 2 Replies

Kumar Doab (FIN)     19 August 2014

NONE.

The lender can claim debt from estate of the borrower.

Sreeni (consultant)     19 August 2014

There is no liability for wife or son am I right

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