I have a question on khums.
 I have a loan amount to be repaid. The loan was taken for living expenses and by the end of the khums year I will not be able to pay of the loan fully from the person I borrowed. I don't have any savings such that I can pay off the full loan amount. What is the ruling about the khums in this situation?

Pay your loan first and there after khums on the remainder if there is any.