Business after death of mother
This query is : Resolved
16 December 2022
After the death of mother can son take the debtors and creditors of mother and receive collections and make payments on her behalf after her death. As bank account to be closed after the deaths of mother. Whats happens to collections and payable of business.
Dhirajlal Rambhia
(Expert)
16 December 2022
Being the legal heir, he can take over the business for its closing purpose, and can settle the existing creditors by receiving the existing amount from debtors. He cannot run the business in his mother's name for any longer period.
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