Are children responsible for parental debt in India?
In India, offspring are not held personally accountable for the debts of their parents following their passing. Creditors are only permitted to seek repayment from the assets left behind by the deceased. After all financial obligations are cleared, the leftover property is transferred to the legal heirs. However, individuals who acted as co-signers, guarantors, or those involved in secured loans might still face specific legal requirements based on the original loan contract.
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