Am I liable to pay loan taken by my father

534 votes

No..You are not liable to pay any amount against cheques issued by your father. As your father died then no liability of there instrument in negotiable instrument act while Civil Law permits any one to suit a case against you being successor but there is liability of complainant to prove debits upon your father... no need to worry..S.K.Shukla, Adv.

LawRato LawRato

596 votes

The cheques which has been signed by your father will be valid only for 3 months from the date of issue ....any date which this friend will put will be considered as aftr the death of your father hence he will not be able to file a cheque bounce case. On a precautionary note it is suggested that close the bank account of your father and do cite the reason as death of your father at the time of closing the account from which these cheques has been issued. You don't have any liability over this debt.

Advocate Atulay Nehra LawRato

875 votes

Dear Sir,
Kindly tell the last date of payment. If it has been more than three years, then it is time barred debt and is not enforceable.
If it is not, then, the loan is liable to be recovered but only from the personal estate of the deceased. But it involves a lot of technicality in the process. The son is not liable to pay anything from his account. If the lender disturbs, then you may complain either before the Court or to the police for such complaint.

Advocate Manish LawRato

927 votes

kindly provide the details regarding the matter because until the documents has not been seen by me till then its not possible to guide rest there is way that you will not be liable to pay the debt thank you

Advocate Jagdeep Pal Singh Randhawa LawRato