- This topic has 8 replies, 8 voices, and was last updated 1 year, 4 months ago by
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UYesterday all of a sudden my father told me that he has 20 lakh rupees in loans. Of the 20, 3 from credit card companies and other 17 he has taken from various persons for high interests. When i ask him why he has taken such a huge loan, he is giving careless answers but is expecting me to pay it.
He is in a no situation to pay that, he don’t have any assests on his name. There is an ancestral agriculture land but he is yet to have it in his name. His brothers already took their share and had it on their names but my father just didn’t care to do that process.
Now he is proposing to sell it and pay the loans. I have two questions
1) I understand that my father has no right to claim that land because it’s an ancestral property and belongs to me
2) Am i legally bound to pay his loans
At the end of the day it’s me who need to clear them, but i just want to say that I’m not going to clear them until he gives a proper reason or justification for his loans
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AFirst talk to your father and understand why he did it. If you just pay now tomorrow he will add more loan. And any land you brought may not be enough to pay for it.
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UHe is saying that he has just been taking loan to run the family for the past 25 years. But i know that he is lying just to make us part of this. We are from a below middle class family who lived meagerly. My mom started to work just because my dad is not taking the proper responsibility and she contributed to more than half of our meager living. After i got job, i brought the jewellery for my sister’s marriage, paid from my pocket for her and my marriage, and brought a house. He didn’t contribute at least one rupee and he now just says i spent it all on family
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M1. You dont get any ancestral property until you inherit it from your father.
2. Your father can sell the property – provided its in your name.
3. Your fathers debts can be cleared by his estate (assets at the time of his passing). In case there are no / less funds – then you may need to get into some kind of arbitration.
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