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The rules of loan recovery: What is the responsibility of the family after the death of the debtor? Telangana High Court Verdict

The Telangana High Court has made it clear in its verdict that the debt of a deceased can be recovered only from the property left in his inheritance. Self-earned income, job salary, personal bank balance or self-acquired property of wife, children or other heirs cannot be confiscated.

 This decision is a big relief for lakhs of families whose banks or government departments initiate recovery proceedings after the death of the earning member of the household