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Borrowed money from neighbours
10-Sep-2023 (In Recovery Law)
Hi this s jess
my parents borrowed money from few neighbours almost 3L but now able to return to them there took based on my brother will give but now he is just avoiding my parents so my parents not capable to return money but thr can give monthly basis .
My parents were out of home for 2 months so now rumors went tht thr run off so now every1 planning to hold my parents and beat
So please advice me what thr should do
1. creditors can not harass the debtors legally.
2. as your parents got the credit then they are liable to pay.
3. is thers any agreement involved in the transaction?. pls discuss with a lawyer for legal opinion.
2. as your parents got the credit then they are liable to pay.
3. is thers any agreement involved in the transaction?. pls discuss with a lawyer for legal opinion.
Helpful?
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Dear Madam
It is nothing but extortion. They cannot snatch your money. Let them file a suit for money recovery against your parents if they have sufficient documents. Threaten them by issuing legal notice that you will defamatory case against them as they are frequently insulting you in public. Please come to my office I will guide you legally.
It is nothing but extortion. They cannot snatch your money. Let them file a suit for money recovery against your parents if they have sufficient documents. Threaten them by issuing legal notice that you will defamatory case against them as they are frequently insulting you in public. Please come to my office I will guide you legally.
Helpful?
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Adv. Kishan Dutt Kalaskar
Bangalore | 500+ Answers
Chat
legally you can file insolvency case and prevent them from asking money, for that you have to declare that you have nothing and not transferred any property or assets intentionally before filing suit and even you have to make each person as opposite party and to proove with necessary evidence, consult the advocate they will guide you the procedures and provide suggestions bases on you position.
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Adv. Hanumesh H N
Bangalore | 400+ Answers
Chat
Madam/Sir, If you have in connection with this loan ₹5 lakhs transaction, then your responsibility to return the amount. If not then you will not responsible. The police complaint is not maintainable due to civil in nature. for further information kindly contact to me.
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Adv. Bhojappa Kallihala
Bangalore | 400+ Answers
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