Private loan advice

[User_c0b91229]

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User_c0b91229
PARTICIPANT
February 16, 2025 at 12:10 pm

My father took a loan from a financer for 30 lakh at 10 RS intrest and he was paying monthly interest sometimes he missed on intrest and they added extra 5 lakh recently he passed away they are harrasing us daily to pay the amount in full or pay nearly 1.5 lakh intrest threatening to go court for 5cr as my dad gave them signed empty checks and signed on bond paper what can we do. He took a loan earlier but my grandfather paid it and told the financer to not give him money again and if he did we wouldn’t be responsible. It’s just my mother and I we don’t know what to do.

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[Coolbro2018]

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Coolbro2018
PARTICIPANT
February 16, 2025 at 1:12 pm

If your father has any assets thats the max amount they can claim if nothing they cant do shit NAL

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[User_c0b91229]

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User_c0b91229
OP
February 16, 2025 at 1:20 pm

We do have assets we said we will pay them after few months but they keep harrasing us but we only owe them around 35 lakh we are worried about the 5cr

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[Coolbro2018]

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Coolbro2018
PARTICIPANT
February 16, 2025 at 1:22 pm

No what ever was regestered in your father name, they can claim upto that only, if your mother has any they cant touch, also life insurances are exempted so these are safe too

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