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spouse's legal position - debt of husband


18-Feb-2023 (In Recovery Law)
my husband has taken huge loan (all unsecured) from his friends for business development. The business completely collapsed and he is not able to repay the loans and is now absconding. I am not a guaranter nor signed anywhere for the loans in any way. I warned my husband about huge loans that he is taking. but, he didnot listen. I am managing my family on my own without any support from my husband. I have not gained a single paise out the loan . What is the legal position that I should take?
Answers (1)

Answer #1
786 votes
Dear Client, Received your query on the concern, for your safer side if you have any property on name of your husband change it your trust worthy blood relative and contest any case against your husband if involving your name or they may try to claim from being you are a legal heir of your husband that attracts debt to some extent. Thanks.
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