Bankruptcy
Bankruptcy
How to file for Bankruptcy, if I don't have any amount to bear the charges of lawyer. Can I file it myself?
7 months ago
A. Dear Sir,
Yes, you can file by following the below given procedure.
========================================================
Provision for Fighting One’s Own Case as per Advocate’s Act
Section 32 of the Advocate’s Act clearly mentions, the court may allow any person to appear before it even if he is not an advocate. Therefore, one gets the statutory right to defend one’s own case through Advocate Act in India. This rule is subject to certain exceptions.
• Article 19 of the Constitutio ...ReadMore
How to make one card accept for a loan settlement
I’m having lot of credit card loan and I’m looking for settlement and one card is not ready to give me settlement how to approach this scenario
7 months ago
A. Dear Sir,
It is the discretionary of individual Bankers you cannot force for settlement. It is a public amount invested on the borrowers in good faith.
A. Dear Client,
Defaulting on unsecured loans, such as personal loans or credit card debt, can have several consequences, both legally and financially. Here are some potential outcomes of not paying unsecured loans:
Late Payment Fees and Penalties: Initially, you may incur late payment fees and penalties, which can increase the total amount you owe.
Negative Impact on Credit Score: Missing payments or defaulting on loans can significantly damage your credit score. A lower credit score can make it ...ReadMore
Non payment of unsecured loan
What will bank do to me if I don't pay unsecured loan
7 months ago
A. Dear Client,
If a loan has not been repaid for more than 180 days, the lender is allowed to file a case against the borrower under Section 138 of the Negotiable Instruments Act of 1881. The defaulter of an unsecured loan may face severe consequences, including a negative impact on your credit score, legal actions by the lender, collection attempts, and strained relationships with co-borrowers. Lenders are allowed to file a case against you and send legal notice to the loan defaulter under Sectio ...ReadMore
E-auction done. - Any process to take stay or to delay occupancy
Am guarantee for my brother loan. Borrower and bank hand shake and sold guaranteed property in e auction low price. Borrower property remains not sold. Because my commercial is very demand. I want to
7 months ago
A. Sear Sir,
Immediately go to Debt Recovery Tribunal and get a stay on such illegal E-auction of your property when property of the principal borrower not sold.
Fathers debt
My father accumulated a debt of over 1 crore from people. Multiple people have my father black money and tried to use him to convert it. This happened 6 years ago. Now I am worried if this will come
8 months ago
A. Dear Client,
Generally, the deceased person's estate is responsible for paying any unpaid debts. When a person dies, their assets pass to their estate. If there is no money or property left, then the debt generally will not be paid. Usually, no one else is required to pay the debts of someone who died. A Hindu son is not personally liable to pay the debt of his father even if the debt was not incurred for an immoral purpose: the obligation of the son is limited to the assets received by him in h ...ReadMore
Salary attachment
Dear sir, myself and my wife have taken joint home loan and myself have taken a business loan which my wife is a guarantor. Due to covid time business suffered a heavy loss and I am sitting with no in
10 months ago
A. Dear Client,
Salary, allowance or associated benefits of an official of the government, or private establishment can be attached, as an item of property, while executing a decree by a Court passed following the procedures for attachment as laid down in Order XXI, Rules 48 & 48A of the Civil Procedure Code(CPC). In the case of a government employee, the first Rs. 1000/- of the salary and the two-thirds of the balance amount of salary is exempted from attachment as per Section 60 of the CPC. The ...ReadMore
Land Mortgage
Land was mortgaged got three years for two lakhs, but he is not paying either two lakhs or interest, suggest
10 months ago
A. Dear Sir,
You have to file a civil suit and it will decide the matter. The trial may take place 1 or 2 years. Better get refer the matter and settle in Lok Adalath.
Unable to clear debt
Years ago, after demonetisation, a person lent demonetised notes for my urgent requirement. There is no paper work for this. Now the amount has come up to 20+ lakhs. And I am not able to pay this. The
10 months ago
A. 500 and Rs. 1000 notes in hand will have to have them exchanged or deposited. There are two places where these notes can be exchanged or deposited – banks and post offices. For banks, all national and private banks in India have been instructed to have the notes exchanged or deposited
In addition, try and come up with proof of this being a legal exchange, since if not it will be considered to be black money
Collection agents harassing
Hi I’m from Nilgiris, My husband and I have taken few unsecured loans from loan app and we have paid the previous loans on time and reapplied regularly but this time we had some medical emergencies
10 months ago
A. Dear client,
You can approach the nearest cybercrime unit and lodge a complaint against these agents for nline harassment, or can do the same via contacting a cybercrime hotline phone number best suited to you.
