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Q. Need help to come out of debt

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Anonymous

posted 4 months ago

Q.Need help to come out of debt
My case is a bit complicated and need immediate help. I have 4 running personal loans from banks and NBFC's. Now I am in no position to pay off the EMI's, I tried to settle these loans but even could not pay that amount. SO is there a way to come out of this situation can I file for bankruptcy as an individual? Please help me with some options.

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Sayaree Ganguly

Experience: 2 Year(s)

Responded 4 months ago

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A. ) Dear Client,
If you are unable to pay your debts, you can file a suit under the insolvency and bankruptcy code and get rid of such situation.
Thanks.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 4 months ago

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A. ) Dear Sir,
You can file insolvency petition under Section 10 of Insolvency Act.

Please call me and take legal consultancy on my mobile through the administrators of this website.

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Shreyash Mohta

Experience: 1 Year(s)

Responded 4 months ago

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A. ) Yes,
You can file a bankruptcy and Insolvency suit and also declare yourself to be insolvent.
You shall need to prove the same and if the court passes the judgement in your favor then in all likelihood you shall be free of such mess.
Thanks
Adv. Shreyash Mohta

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Anonymous

Replied 4 months ago

Thanks for the reply Shreyas, can you please pass me on your number? If you could please help me in filing the petition.

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Shreyash Mohta

Experience: 1 Year(s)

Replied 4 months ago

Sure Sir,
You had requested for my number and the same has been shared. Please do contact me for further information.

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Anonymous

Replied 4 months ago

Hi Shreyash, please share your number again and a suitable time when I can call you today. Thanks!

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Shreyash Mohta

Experience: 1 Year(s)

Replied 4 months ago

Please request for a consultation and thereafter the number can be shared. Suitable time to call me would be between 11am to 4pm
Thanks

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