Withdraw from co-applicant
6 years ago
Sir,I have a question, I am married since 20yrs ,but myself and my husband are separated since more 16yrs put up for divorce on court now only ,I was scared my children have advorse effect ,so waited for this many years , sir ,he is a business man,but loser ,lost all money, and taken loan from bank in high amount , making me also co-applicant ,now I am in crucial situation ,I can't rare children also properly he don't look after children since beginning ,they r with me ,I have a govt job , but not able fulfill any thing ,I don't get any loan because he is default er, and now bank have decided to capture the property and filed acase in court , since 5yrs ,this is continuing ,how I can withdraw myself from all these , neither the divorce case is moving ,nor the property is auctioned ,l PL guide me,what to do
Deepak Yashwantrao Bade
Responded 5 years ago
Ambrose Leo
Responded 6 years ago
You may convince your husband for early divorce not consent. Then apply the bank to discharge you as co-applicant. If not agreed approach HC
Under the Provincial Insolvency Act 1920
Repayment of loans and credit cards
Multiple unsecured loan defaults
Unfreeze
For bank loan
