Legal Question in Bankruptcy in India

personal loan

Hello

I took a pesonal of Rs.68000 for a tenure of 48mnths. I paid 32 emis n have not paid anything after that since 4yrs.

Now im a housewife and dont have a personal income.

will my husband be liable for paying loan, that i have taken before marriage?

What should I do now?


Asked on 11/24/08, 4:57 am

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: personal loan

You should try to settle the matter amicably by bargaining for whatever interest waiver you get; you should consider making payment of the amount due at the earlier and settle the dispute.

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Answered on 11/24/08, 6:39 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: personal loan

Settle down the matter amicably.

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Answered on 12/23/08, 6:43 am
Nasir Butt Nasir Law Associates

Re: personal loan

Other one is not responsible for the liability of the debtor, but better advice is to settle matter with creditor.

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Answered on 11/24/08, 9:35 am


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