The Divorce Dossier

Can a Legal Heir Be Held Responsible for a Deceased Person’s Debt? 💰⚖️" A client recently asked: "My father had unpaid loans when he passed away. Will I be forced to repay them, even if I wasn’t involved in borrowing?" 🤔💸 The Answer? IT DEPENDS! Legal heirs do not inherit personal liabilities , but creditors can claim repayment from the deceased’s estate before assets are distributed. ✅🏦 #LegalHeirs #DebtLiability #IndianSuccessionAct #InheritanceLaw #FinancialObligations 📌 When Do Legal Heirs Have to Repay a Deceased Person’s Debt? ✔️ If assets are inherited – Heirs must repay debts only up to the value of assets received from the deceased. 🏡💰 ✔️ If the debt was secured (e.g., home loan) – Banks may claim property unless the heir continues payments. 🏠 ✔️ If a joint loan was taken – Co-borrowers remain liable even after one person’s death. 👥 ✔️ If the deceased provided a personal guarantee – The guarantor’s estate may be liable for repayment. ...

Get link
Facebook
X
Pinterest
Email
Other Apps

Can You Sue a Builder for Delayed Possession of Your Flat?

April 02, 2025

Can You Sue a Builder for Delayed Possession of Your Flat?" 🏠⏳⚠️ Booked a dream home , but the builder keeps delaying possession? 😡 Can you take legal action and claim compensation? Let’s find out! ⚖️📜 #RealEstateLaw #DelayedPossession #HomebuyersRights #IndianLaw ❓ Can a Builder Be Held Liable for Delay? ✅ YES! Under RERA (Real Estate Regulation Act), 2016 , a builder MUST : 🔹 Hand over possession as per agreement 📜 🔹 Pay compensation for delays ⏳💰 🔹 Refund the amount with interest if requested 🏠💵 💡 Example: If your flat was promised in 2022 but is still under construction in 2025 , you can file a complaint under RERA and claim a refund or compensation. 🚨 #RERAIndia #HomebuyersProtection #LegalRights 🔥 What Can You Claim for Delayed Possession? ✅ Full refund with interest if possession is indefinitely delayed 💰 ✅ Compensation for rental expenses due to the delay 🏠 ✅ Penalty on the builder for breach of contract ⚖️ 🚨 Builders CANNOT kee...