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