Want some legal advice in a financial Legal issues of a person
A mother ran a certain business and used her daughter’s name to run the company as in the entity to run the business. She changed the requiste ownership as the daughter reached her legal age. The parents used their girl’s name for procuring various loans with her as a guarantee. The girl being oblivious to the facts, innocently signed wherever the elders asked her to sign not knowing that she was being made liable for a huge amount of debt from banks and private lenders.
Last September, the mother absconded the house without repaying the obligated debt or taking any protection or financial cover for her daughter.
How can the daughter be protected in this case with the minimum amount of damages to the daughter?