Loans taken by son (28 years old) Loans taken by son (28 years old)

4 years ago

My brother's son left our household 4 years ago and married his girlfriend and they have a child. He returned last week with mental problems and drug abuse issues. It appears that his wife also deserted him. It also appears that he has taken considerable amount of money as loans and have not paid any. The above loans did not have anything to do with my brother or with anyone in the biological family. My brother himself is a psych patient who only has a share of our father's house. Is he responsible for any of the financial burden caused by his son ?

Advocate Simi Paul

Responded 4 years ago

View All Answers
A.Hello client,
It completely depends upon the property which he has used in gaining such loans. If it is a joint property where you are also a partner and hence have signed such documents you are liable. But if the loan is taken by him by using his own property then you and your family members do not need to worry.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Advocate Simi Paul

Responded 4 years ago

View All Answers
A.Hello client,
It completely depends upon the property which he has used in gaining such loans. If it is a joint property where you are also a partner and hence have signed such documents you are liable. But if the loan is taken by him by using his own property then you and your family members do not need to worry.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Md Shafiuddin Yakub Ali

Responded 4 years ago

A.Dear Sir
Since your brother son is major and his interference is not there in the debts of his son so he is not at all responsible for the loan. But he has the right on his grandfathers property.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Sanjay Kumar Jha

Responded 4 years ago

A.Dear client,
If he has taken loan on his own earned property then certainly not or the person who is the guarantor in such taken loan would be sole responsible, non other than, or if any documents or paper of property over which belongs to you jointly such loan is taken then only, which should not be possible.
No need to worry.
Thanks
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconPatient Defaulting payment
Dear Client, A trade discount was allowed on the treatment package when the patient agreed with the condition of taking both sessions of treatment. So, in breach of said condition, the patient cannot...
question iconThird party loan
Dear Client, In the given situation, file a complaint against the third-party loan app and its recovery agents in the local Police Station and lodge a complaint online to the Cyber Crime Cell endorsi...
question iconPrivate money lender harassment
Dear Client, In the absence of any written documents supporting your claim of money from your friend, and moreover, you issued an NOCi. So, in such a situation it is almost impossible to get back the...
question iconHarassment caused by Recovery Agents
Dear Client, In the given situation, filing a complaint against the recovery agents in the local Police Station and endorsing a copy of said complaint to the concerned Bank, a complaint against the lo...
question iconRecovery money
Dear Client, In the given scenario, no legal remedy is feasible in the absence of any documentary evidence supporting your claim to recover the money that you lent to your relative. However, you can...