How To Safeguard Joint Account Of Parents From Recovery Of Children's Loan ?

Bank may proceed against the Creditors and Guarantors including their properties. Contest the case if Bank has proceeded or you challenge in DRT.

Dear client, The survivor will now own the money in the account. Their  account may be frozen by the lending bank if she/he is a guarantor of the children's loans. Hindu Succession Act has little bearing in this situation because the amount owed to the deceased will be covered by the survivor, not the successors.