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Q. Gambling debt

Q.Gambling debt
I tooks loans over last 2 years And lost all money in online gaming ..

Now don't have money to repay can I file bankruptcy ..

Have 5 credit cards
And 5 different loans of total valy 30lacs
Please suggest what can be done

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Shreyash Mohta

Experience: 1 Year(s)

Responded 2 months ago

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A. ) If you do not have the money then you can surely file an insolvency and bankruptcy suit.
Thanks

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 2 months ago

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A. ) Dear Sir,
File a civil case restraining the bankers interfering illegally with your persona and property. since it is a unsecured loans it is very difficult for them to recover loans and they even shy to approach Civil Court for recovery of such loans.

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