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How to defend a recovery suit
31-May-2023 (In Civil Law)
Dear Sir, Kindly enlighten me, if I have a legally enforceable liability on me related to my business and in event if a proper Recovery Suit is initiated against me then, will any of my family's property be attached i.e., any property or assest (self-purchased) by my wife, mother or siblings. Thanking in anticipation. Regards.
Dear Client,
In eye of law every individual has independent subsistence. Hence, one person`s property will not be attached for another`s debt. Hence, any asset, self purchased property of your wife , mother or siblings, will not be attached for legally enforceable liability related to your business in the event of recovery suit is initiated against you.
In eye of law every individual has independent subsistence. Hence, one person`s property will not be attached for another`s debt. Hence, any asset, self purchased property of your wife , mother or siblings, will not be attached for legally enforceable liability related to your business in the event of recovery suit is initiated against you.
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Adv. Sistla Rama Krishna
Vijayawada | 400+ Answers
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if the debt is in your personal name and if the property is in your family members name then there would no recovery could be taken against family members. now if your wife is the partner of your firm and if it registered then the debt is relating to such firm there will liability
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Adv. Innamuri Balasubramanyam
Rajahmundry | 500+ Answers
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