Legal Question in Credit and Debt Law in California

I let my parents borrow money and now they won't pay it back


Asked on 12/26/11, 12:09 am

2 Answer from Attorneys
Tony Carballo Carballo Law Offices

Write it off as a bad debt or pay back for cost of raising you. By the way, if your parents are indigent you have a legal obligation to support them to the extent you are able to do so financially. All loans to close family members should be considered gifts.

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Answered on 12/26/11, 9:17 am


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