Wednesday, June 8, 2022

Are legal heirs liable to pay their parents' loan outstanding amount after their death?

Jeetendra Pathak, a LIC agent, had borrowed money from his office. After he father died, his daughter began receiving legal papers asking to repay his debt. Here's what happens to a borrower's debt after he or she passes away, as well as the major legal heirs' penalties if the borrower has an outstanding loan.

from Personal Finance News-Wealth-Economic Times https://ift.tt/gMyPFcH

No comments:

Post a Comment