tag:blogger.com,1999:blog-2398906867139907280.post1558769061015895133..comments2024-02-24T18:17:14.635+08:00Comments on SeniorsAloud: SHOULD ADULT CHILDREN REPAY A LOAN FROM THEIR PARENTS?seniorsaloudhttp://www.blogger.com/profile/15349552912264950538noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2398906867139907280.post-84072731476550184562013-09-30T15:25:28.272+08:002013-09-30T15:25:28.272+08:00It depends on whether the loan repayment was a wri...It depends on whether the loan repayment was a written one and signed by your son. Then you would have a case. Otherwise, there really isn't much you can do to make him repay the loan, especially if he is in no financial position to do so at the moment. In some countries like Singapore and India, there is a tribunal that hears such cases. It is mandatory for adult children to take care of their parents in their old age.seniorsaloudhttps://www.blogger.com/profile/15349552912264950538noreply@blogger.comtag:blogger.com,1999:blog-2398906867139907280.post-46141962910377419482013-09-30T04:59:08.342+08:002013-09-30T04:59:08.342+08:00Our adult son is declining to repay our college lo...Our adult son is declining to repay our college loan to him. (Well over $50K, which we need as part of our retirement). What legal recourse do we have, if any?Anonymoushttps://www.blogger.com/profile/10106313424004435119noreply@blogger.comtag:blogger.com,1999:blog-2398906867139907280.post-181544251740001162012-06-19T07:41:24.165+08:002012-06-19T07:41:24.165+08:00And that is your opinion and choice to do so. But...And that is your opinion and choice to do so. But, if the adult child had an agreement to repay a loan from a parent...that adult child does not have the right to just decide that they are not going to repay the loan. They should be responsible and live up to the agreement that was in place at the time they accepted the money!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2398906867139907280.post-6502953920275514972010-08-27T08:03:53.464+08:002010-08-27T08:03:53.464+08:00I think as parents it is our duty to provide a goo...I think as parents it is our duty to provide a good education for our children-do not expect them to pay us back.foodbinhttps://www.blogger.com/profile/15099509595011883395noreply@blogger.com