Surity liability

Querist : Anonymous (Querist) 28 December 2011 This query is : Resolved
Sir
My brother signed surity to his friend on a Promissory Note for a loan of 3 Lakhs on 02-04-2002 and his friend paid interest to his Lendor regularly till Dec-2010 by endorsing on Pro-note and defaulted since Jan-2011 and my brother died in February -2009 after that my brother's self acquired properties have been settled between my brother's wife and his two children and completed mutation of properties on their names.Recently the Lendor came to our house demanded us to repay the loan with interest as my brother's friend is escaped and we are also unable to trace his address. Whether my brother's family is having any liability for this loan amount , If so what relief they can able to get under law because they suffer a lot to bear this liability.

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Devajyoti Barman (Expert) 28 December 2011
Since tit was not a secured debt, with the death of your brother the liability ends and his wife and children are not liable anymore.

Deepak Nair (Expert) 28 December 2011
Agree with Mr. Barman

prabhakar singh (Expert) 28 December 2011
Not even his personal properties that he left behind,Mr.Barman!!!!!

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