Loan recovery
2 years ago
My retired father has given loan of Rs 4 lakh for distance relative person against blank cheque who was doing pesticide business. 6 months back he has died due to suicide.He is having land and own house his wife and son are not ready to pay back the money.His wife and him jointly signed in stamped paper for the loan.What to do in this situation please help...
A.Dear sir,
Through cheque you can recover easily.
Through cheque you can recover easily.
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Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.blank cheque wont help in cheque bounce case since person died 6 months back.
but you have stamp paper for loan then you can recover the loan amount from his properties.
Also if wife also signed then she is also liable to repay but depends on contents of loan agreement.
but you have stamp paper for loan then you can recover the loan amount from his properties.
Also if wife also signed then she is also liable to repay but depends on contents of loan agreement.
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Tanmoy Chattopadhyay
Responded 2 years ago
A.first meet a lawyer and show your terms of the loan as it is present in the stamped paper and the next course of action will depend on that.
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A.hey,
If a person passes away before repaying an unsecured loan, the lender cannot claim unpaid dues from the surviving partner or legal heirs of the deceased. The legal heirs are liable to the lender only to the extent of value/assets, if inherited, from the deceased.
if ypu like my answer pls gice me a good rating.
If a person passes away before repaying an unsecured loan, the lender cannot claim unpaid dues from the surviving partner or legal heirs of the deceased. The legal heirs are liable to the lender only to the extent of value/assets, if inherited, from the deceased.
if ypu like my answer pls gice me a good rating.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.hey,
If a person passes away before repaying an unsecured loan, the lender cannot claim unpaid dues from the surviving partner or legal heirs of the deceased. The legal heirs are liable to the lender only to the extent of value/assets, if inherited, from the deceased.
if ypu like my answer pls gice me a good rating.
If a person passes away before repaying an unsecured loan, the lender cannot claim unpaid dues from the surviving partner or legal heirs of the deceased. The legal heirs are liable to the lender only to the extent of value/assets, if inherited, from the deceased.
if ypu like my answer pls gice me a good rating.
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