Can a gift deed of garuntor be challenged if the loan is not paid
27-Jan-2023 (In Corporate Law)
business loan was taken my Mr A and Mr B was guarantor , A was not able to pay the full loan amount and has been declared bankrupt . will the guarantor be liable for paying the loan ?
Yes, the Guarantor can or will be made liable for the payment of the outstanding loan. Rest of the advice I can give you after getting all the details from your end about your case. I hope that you understood.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Corporate lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."