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Handling debits of my father business


14-May-2023 (In Cheque Bounce Law)
Hi, My father expired due to Covid and he is a farmer cum doing chit funds and the money given for interest and borrowing. all these businesses were looked out at only by the father and we don't have any clarification on the same. we don't want to dig them up and wanted to save our current properties and abounding my father business as it includes a lot of risks and we are working for it. here we have an issue where some of the chit fund members and loan ppl have some of the cheques by my father and some of them have transfer money online to my brother, I and my mothers account on behalf of my father business, so please suggest what will the option to make our living by abounding all of the father debits.
Answers (2)

Answer #1
516 votes
Well, I can provide you legal solution. However, we should get in touch on call to ascertain facts of your case in detail. Hope, you got my point. Without understanding facts of the Case, I will not be able to give you Proper Legal Advice.
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Answer #2
752 votes
Good Mrng. Frst of all if you are totally unaware of the business make it clear to all creditors about the same. If transactions are done by your account then you have to prove that transactions are not made by your knowledge. Its not easy for person to recover amount from you. If cheque are within their custody inform them through notice not to misuse the same.
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