• How Much Liable is the Guarantor

Dear Sir,

I had signed as a Guarantor for my Ex-Colleague. Who is no more.

We both of us worked in a Pvt Company. We were asked to leave by the MGT as it was taken over by the new MGT .

Iam still Job Less, Looking for an opening till date from sept-2013.

I had already signed as a Gurantor for the same person, who had closed the loan account and gone for a Fresh One for Rs.4.0Lacs. I had signed as a Guarantor.

In the same bank I had taken a loan of Rs.1.0 Lac. ( Still I have to Pay Rs.33,000.00 ) to the same bank.

I dont have a job, property on my name nor my family.

Kindly advice .

Reagrds
K.T.Thesigan
Asked 3 years ago in Criminal Law from Kanchipuram, Tamil Nadu

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Criminal Lawyers

T Kalaiselvan
Advocate, Vellore
13944 Answers
127 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18061 Answers
446 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12043 Answers
228 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5169 Answers
54 Consultations
4.9 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3522 Answers
129 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
868 Answers
43 Consultations
5.0 on 5.0
Atulay Nehra
Advocate, Noida
433 Answers
15 Consultations
4.7 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2728 Answers
41 Consultations
4.9 on 5.0
Ajay N S
Advocate, Ernakulam
1905 Answers
19 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1316 Answers
85 Consultations
5.0 on 5.0