Legal Question in Credit and Debt Law in India
Debts
My Father in law has made huge debts .If he passes away will my husband has to pay them?my husband has nothing to do with the debts.these debts were made beforw we got married and mow we also have a child.That money was spent for my sister in laws education.
4 Answers from Attorneys
Re: Debts
if your husband will take property of his father then he will be liable to pay otherwise not
Re: Debts
your husband`s liability would arise only in circumstances he inherit any propoerty from father in law, otherwise he has no personal liability
Re: Debts
No he is not liable as per the facts you have mentioned.
Re: Debts
Though your husband has no liability to repay the debts but if you or your husband had inherited any property of your father then the liability to repay the debts would be restricted to the value of inherited property.
Related Questions & Answers
-
NI 138 act I made an legal agreement for selling my computer based code for... Asked 9/16/07, 10:00 am in India Credit, Debt and Collections Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
