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Cheque bounce - Cheque issuer passed away after issue of cheque
12-Jul-2023 (In Cheque Bounce Law)
I had lender a sum of amount to friend and there was no documentation for the lending. The borrower finally returned cheque for the equalent amount. The cheque however got bounced. The issue now is the borrower has passed away after issuing the cheque. The heir of the borrower doesn't seems to take responsibility of the debt. What are the legal optioms i have to claim the amount.
When a borrower dies, a personal loan remains open and still needs to be paid. Although the loan is no longer tied to the credit of the deceased borrower, further actions such as property repossession or charging the person's estate can occur. ... If the loan is unsecured, more steps need to be taken to pay the loan off.
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Adv. Raghuraman Balaji
Chennai | 500+ Answers
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