Can loss of Deceased be carryforward by legal heir?
Replies (3)
Quick Summary
This discussion explores the complex question of whether legal heirs can 'carry forward' the loss of a deceased person. While initial thoughts suggest this isn't possible due to asset settlement, the possibility of heirs convincing creditors to revive a business is considered. The conversation touches upon bankruptcy laws, acknowledging that a definitive answer might require deeper legal investigation.
I don’t think so because all the assets will be settled. But did the heir can convince the creditors, it is possible in hope that business can Ben revived