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Q. business loss cannot pay personal loan EMI

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Anonymous

posted 2 months ago

Q.business loss cannot pay personal loan EMI
Dear sir, Last three months cannot pay EMI for reason my garments business loss so cannot continue the business next what i do please advice

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Shreyash Mohta

Experience: 1 Year(s)

Responded 2 months ago

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A. ) Talk to the bank authorities and let them know that you have an intention to pay the EMI and shall pay it. So that they do not initiate any sort of proceedings against you.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 2 months ago

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A. ) Dear Sir,
You may request the same to give you some more time or else you may file permanent injunction against them not to interfere with your person and property except in accordance with law.

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Sunil Kumar Singh

Experience: 17 Year(s)

Responded 2 months ago

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A. ) Hi, The loan is resolve by the court, if not paid EMI. for continue to pay EMI increase your loan amount from bank. its said limit, thanks to write, lawyer from vidhikarya

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Abhimanyu Shandilya

Experience: 14 Year(s)

Responded 2 months ago

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A. ) Appraise the Bank and give them assurance that you will pay in future before they start taking action against you and you are put to trouble.

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