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 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details