Loans (other than mortgages) more than two decades ago In general, banks could not lend loans for long periods of time, and they were indifferent to this loan. This situation was minimal.
For example: mortgages, general mortgages are credit (quality) loans, if not returned in accordance with the agreed amount and the agreed time, the bank will collect through various forms. If the reconciliation is not refunded, the bank will apply for auction settlement of the collateral. Another example is credit card overdraft. In the credit card overdraft, there is no repayment within the agreed repayment time. The bank will call to limit the amount of the credit card. If the bank does not receive the repayment in a timely manner, the bank will sue for malicious overdraft and demand repayment.
The loan of his father more than 20 years ago, if the loan was signed without the repayment deadline, the bank shall have the right of recourse within two years from the date of receipt of the bank loan collection notice, and the father shall repay the loan as soon as possible, otherwise the bank will v. The court requested repayment of the loan. If the loan is agreed upon and the loan repayment period exceeds two years, the bank may refuse to repay the loan if it has not received any collection from the bank. The court may also not accept the bank's claim. However, the bank will have an adverse record of his father’s credit.
If your father has an obligation to pay, even if it is a legacy, you must pay off. You inherited your father's estate and you must be responsible for repayment of the loan. If you give up inheritance, you will not be able to repay the debt on behalf of your father.