Loss of deceased

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

No it's impossible

Fine actually I didn’t check the bankruptcy laws

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details