As a first step, you need to reassure your family and friends that you intend to return the money so that your relationship remains intact. Next, set yourself a deadline and work out a program to return the money. Also, inform the people who owe you about this repayment schedule so that it is honest. The condition, of course, is that you have a job and a consistent source of revenue To facilitate repayment. If not, then give priority to getting a job to implement this scheme.
Qi got married without knowing that my husband’s family has a debt of Rs 30 lakh, of which Rs 24 lakh has been taken from my mother-in-law’s brother. He has assets worth Rs 1 crore in my father-in-law’s name, and my mother-in-law has gold worth Rs 1.5 lakh to pay off the debt. However, my husband took Rs 16 lakh from my chit fund and a personal loan of Rs 50,000 was also repaid with my money. He even took my money to repay the loan of Rs 3-4 lakh taken from my sister-in-law before marriage. They want to use my money to give my sister-in-law also a share in the property. Is there anything I can do? – Aditi
First of all, understand that anyone, whether it is your husband or in-laws, Legal Rights To force you to part with your salary or income. Only you have the right over your hard earned money, Streedhan or movable and immovable property received as gift or inheritance during marriage, before or after marriage. You must stand your ground and refuse to give your money. Also make sure you have a separate bank account that only you can access. If you are being harassed over this issue, you can file a complaint under the Protection of Women from Domestic Violence Act 2005. Under this Act, any abuser, whether economic, physical, emotional, sexual, verbal, or even threats of abuse, may invite punishment.
QI got married a year ago and I am not working. My husband earns Rs 1 lakh a month. We live with his parents, who look after him extensively household expenditure, Most fights with my husband are over money. He started giving me Rs 20,000 a month after five months of marriage and at the end of every month he keeps track of all my expenses. On the other hand, I have no idea about how he uses the money or Investment he has made. his parents are Nominees in all their investments including our joint account. Looking at my current position, I am looking for a job. What should I do to ensure financial stability? — V. Saxena
Your current situation is not good for your future financial security. Your husband is legally required to support you financially. In order to secure your future, they should not only share all the information regarding investments but also enroll you in all their accounts and investments. If he refuses to do so, try seeking financial or marriage counseling. If that doesn’t work either, consider finding a job and taking care of your finances by protecting yourself and investing. You can also consider separating if the husband refuses to cooperate and this seems like a viable option for you.
Disclaimer:
The responses are based on limited facts provided by the questions. It is advisable to consult a legal practitioner after furnishing the complete facts and documents. The responses should not be construed as legal advice in any way.