Father took loan and now complains are logged against me
04-Nov-2023 (In Recovery Law)
My Father took money from lot of people at large interest for years on business purpose.(gave promissory notes and signed cheques to lenders) But went into losses after which, he took money from more people to pay the interest for already taken loans.Finally, he became bankrupt, sold everything but still had lot of debt to clear. I or my mother did not have any information or involvement in fathers financial transactions. I was not staying anymore with my parents as the lenders started threatening me.After few complaints were logged against my father, he went absconding and now surrendere
If your father has surrendered then he is required to pay the money or else he has to face legal consequences.
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