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K Patil
Kolhapur
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After expiring my brother in law, the Bank demanding Recovery of the personal loan from my sister, is it correct action?
Expert's Answers(5)
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Advocate Yogesh Navmahalkar
Jalna, Maharashtra
17 Client Ratings
Dear client,You are not liable to pay any debt
September 19, 2020
Advocate J L Naagar
Jalandhar, Punjab
169 Client Ratings
What type of Loan was being raised? For what purpose it was raised? Thirdly has Your sister inherited the estate, money, and other property of her decased husband. She will be liable to clear the loan raised by her decased husband. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.
September 19, 2020
Advocate Suneel Moudgil
Panipat, Haryana
40 Client Ratings
1. if your sister is inheriting the property of her deceased husband, then, she is legally bound to clear the outstanding dues on his name, resultantly, she is liable to pat the outstanding personal loan on his name,2. since its a personal loan, therefore, ask her to ignore the call/request of the bank to settle the dues, and, once they start the legal process, refuse to pay the loan,3. the bank may initiate legal action by filing a civil suit for the recovery of the loan amount agasint the legal, heirs of the deceased, and, the guarantor, which will take a long time,if the amount is small and you are getting waive of interest, penalty, you can pay, else let the bank initiate legal action,
September 19, 2020
Advocate Yogesh Navmahalkar
Jalna, Maharashtra
17 Client Ratings
Dear client,Tell no need to pay any debt. Bank don't have right to recover from her
September 19, 2020
Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana
59 Client Ratings
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.
September 18, 2020
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