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Author Topic: Advise on Promissory note and its validity  (Read 166 times)

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Offline shriloveguy03990

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Advise on Promissory note and its validity
« on: August 12, 2017, 08:58:15 AM »
My father took loan from a person on July 2014 260000, and he has signed on a white paper with revenue stamp attached. he has repaid 80000 and he dont have money to pay the rest even i dont have any as i repaid lot of my father's debts. Our home is the only property which my father owns. Now the lender has sent a letter from court asking us to repay with interest.

Can someone please advise on this issue, Can i fight back .. Also wondering the Validity of promissory note. what is the validity of promissory note. Please advise as we already faced lot of issues because of my father we dont want to lose some more.

 

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