Legal Question in Credit and Debt Law in Philippines
Personal loan of a person now dead
Good p.m. Are the children of a deceased person who has a personal loan to his kin e.g. sister liable or enforced to pay the principal with interest of the loan?
FActs:The sister just claimed and demanded from the children payment of the said loan of the deceased person without any written document / proof whatsoever.- Thank you.
Asked on 11/15/06, 3:48 am
1 Answer from Attorneys
Reynaldo Destura
Destura & Associates Law Offices
Re: Personal loan of a person now dead
It is hard to enforce a loan without a proof. But should there be a proof, it can be enforced to the heirs only to the extent of the inheritance passed on to the beneficiaris.
Answered on 11/15/06, 7:21 pm