Personal loan query Personal loan query

3 years ago

Present I don't have job and no property and no gold jewellery to sell and repay personal loan. Everyday recovery agentscalling ask to pay I said no job give me some time but he can't and threaten to take legal action to me. How I survive in this situation. I heard about bankruptcy and insolvency petition to take time.to pay loan is it right it is possible sir . Please. Answer my problem sir.

Anik

Responded 3 years ago

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A.Hi,
The facts stated by you are not clear.
However, You may request the bank officials for extension of time.
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Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,
The facts stated by you are not clear.
More information is required to help you out.
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Ankur Goel @ Complete Law Shield

Responded 3 years ago

A.but how much is loan and which bank.

There is a story which is used in movies also...
A person went to astrologer to know fate. Astrologer told his planet is bad so he will make it good by pooja.
Astrologer asked him 500/- fees. person said he dont have 500/-
Astrologer then asked 100/- fees. person said he dont have 100/- also
Astrologer then asked 10/- fees. person said he dont have 10/- also
Astrologer told that if he does not have 10/- then nobody in world can harm him.

so if you dont have job, property, gold for recovery then what legal action they will take on you ?



Hope this clarifies,
Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice
Note - This is just a small advice. Proper advice can happen only after going through details.
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