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Looking for answers (owner)     09 March 2019

About loan repayment

Hello all.
My wife had taken a loan from a bank to buy some machinery, with me as a guarantor. In the meantime, due to some reasons we divorced. She sold that machines without clearing the loan. Now, the bank is asking me to repay,as she has not paid anything since many months.
My query is that after divorce . am I still a party to that loan? Since I had nothing to do with the machines, and the money rec'd after their sale, why she I pay?
Thanks in advance.


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 1 Replies

Looking for answers (owner)     09 March 2019

No Sir. Actually Divorce happened afterwards. about 2 yrs after taking that loan.

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