The risks to a loan guarantor: what you’re responsible for & the impact on your family
Becoming a guarantor for someone’s loan is a significant financial commitment and carries various risks and responsibilities under Indian laws. Understanding these implications is crucial before agreeing to guarantee a loan. Here are key points to consider, including the risks involved, the possibility of withdrawing from the guarantee, and the impact on family members in […]
Aditya Chopra
Managing Partner, Victoriam Legalis - Advocates & Solicitors
1
03 Sep 2024