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View Full Version : Are legal heirs liable to pay their parents' loan outstanding amount after their death?



IndiaInsurance
9th June 2022, 02:02 PM
https://img.etimg.com/photo/92095631.cms (https://economictimes.indiatimes.com/wealth/borrow/are-legal-heirs-liable-to-pay-their-parents-loan-outstanding-amount-after-their-death/articleshow/92095631.cms)Jeetendra Pathak, a LIC agent, had borrowed money from his office. After he father died, his daughter began receiving legal papers asking to repay his debt. Here's what happens to a borrower's debt after he or she passes away, as well as the major legal heirs' penalties if the borrower has an outstanding loan.

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