Q: Am I responsible for a loan my dad got a for business from the previous owner?
My dad got a business loan from the previous owner of said business in 2005. Regular payments have been made to the lender since. My dad recently died and now the lender said the balance was supposed to be paid over 7 years ago and wants the rest of his money from me.
You are not responsible for the debts of your father. Tell the lender to submit the debt to the estate.
However, if the loan isn't personal but a business loan, if the business is up and running it can be submitted to them.
Jot down each time they call, who you speak to, the date and time, what they say. This may be an unfair debt collection.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.