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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 ?
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.
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.
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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.
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.
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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.
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.
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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
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
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