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Eddie Hazel

Posted 1 year ago

I am a 32 year old and have been unployed since 8 months. I also had an ailment recently that needed hospitalization and with it I spent a lot of money. I am dire broke at the moment and unable to pay the EMIs of my personal loan and my credit card dues. I get calls from banks asking me to make payments even though I've told them my situation. I received a legal notice today regarding my debt. I am unable to get a job and unsure of how to go about it. Should I file for bankruptcy? Any advice would be greatly helpful!

A. Any one who is even now earning by some provate job can file for Insolvency, You need to make a fair declaration if your assets and liabilities.
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Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 33 Year(s) Bangalore
Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 33 Year(s) Bangalore
Ambrose  Leo
Ambrose Leo Experience: 9 Year(s) Bangalore
Dear sir, My rent agreement is having a clause that I can terminate this rent agreement with one month notice. I had paid 10000 as security and 9500 as rent. My rent agreement was started on 5th june. So can I terminate it with my will or I need to pay the rest of the rent to the landlord.

A. Yes you can terminate with one months notice. If there is no such clause incorporated in the agreement that upon termination you need to pay the entire rent then you will have to unless you challenge that before the court. If such clause is not there then you are not required to.
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