Dear Experts,
What is the right of the lender of secured business loan if the borrower dies before repayment of such loan? Is there any relief available for the spouse or family of the deceased borrower?
Menu
What happens to business loan when a borrower dies?
Replies (2)
Quick Summary
Collateral and properties on the deceased persons name will be ceased
I don't think any relief is provided in the re-payment of loans. The amount needs to be paid or else the collateral would be ceased by bank
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
