INSOLVENCY - I AM NOT ABLE TO PAY ALL MY DEBT
INSOLVENCY - I AM NOT ABLE TO PAY ALL MY DEBT
I AM NOT ABLE TO PAY ALL MY DEBT SO THATS WHY I DECIDE TO FILE INSOLVENCY PETITION SO I WANT TO KNOW THAT IF I FILE INSOLVENCY PETITTION AND THEN SOMEONE FILE CASE AGAINST ME U/S 138 SO WHAT HAPPEN T
1 year ago
A. If the court is satisfied with your insolvency petition, then the court will direct the order to put a stay on all your assets and no order can be passed in that matter.
Subhashis Paul
Can a individual salaried employee file for bankruptcy
I have almost 26 Lakhs personal, Credit Card Loans and Balance on Credit Cards. Till now I have managed to pay EMI's and Minimum Balance without miss. However, going forward it is not possible for me
1 year ago
A. Yes sir, you can file for bankruptcy even if you're working or have a job, also in my suggestion you shall give a notice to the branch manager intimating about the incident and finding a way out without leading for a case.
LOAN AND CREDIT CARD DUES
SIR I WAS TAKEN PERSNAL LOANS AND DUE OF MY CREDIT CARD OUTSTANDING I WAS NOT PAYING AND I WAS GEETING FORCE CALLS FOR PAY ARRENGE THE MONEY AND PAY I WAS IN PROBLEM IN FAMELY MAATERS AND I WAS LOSE O
1 year ago
A. In my humble suggestion, lodging a formal complaint against the Bank and the recovery office would be the remedy. The magistrate can be contacted if the police do not file a complaint.
Payout not paid by debt recovery agency
Sir I have been working debt recovery agency. I have left my work due to heavy mental pressure. After leaving my job they are not giving my payout. I have gone to police station but they are not help
1 year ago
A. In my humble suggestion, you can file a complaint with the labour commissioner if your employer fails to pay your salary. They will assist you in settling this conflict, and if no resolution is found, the labour commissioner will take the matter to court so that you can file a claim against your employer.
NPA - I am not able to repay
WHAT WILL HAPPEN IF I AM NOT ABLE TO RE PAY ANY EMI OF ZEST MONEY DOSE THEY CAN SEND FIELD AGENT TO MY HOME OR CAN TANK ANY LEGAL ACTION
1 year ago
A. Dear client, in my humble opinion the simple answer to this question is yes. Legal action can be taken against you in case of failure to pay loan installment.
Letter of petition in lok adalat
Hi team, There is a total of 550000 on my credit card. Today bank official came and gave me a copy of petition to the lok adalat and had taken a signed copy from me. I wanted to know about it. They s
1 year ago
A. Dear client, lok adalat is a form of outside Court settlement. In case you are up for the amicable resolution of your case you can use this platform.
Jagannath S Pawar
Unable to Pay the loan and credit card payment
Dear Sir, My brother took a loan on a credit card of repuess 1 lakh and used credit card of repuees 80k, loan outstanding is nearly 64k and card out standing is 90k. he unable to pay the amount for t
1 year ago
A. Contact your credit card company immediately because many creditors may be willing to work with you to change your payment if you're facing a financial emergency. You can also stand against the harassers, by getting Remedies against harassment by Recovery Agents.
Loan Repayment - loan is outstanding
My personal loan is outstanding with the bank since 2 years as I was unemployed for 1 year due to pandemic & I need 1 year of time to arrange the funds to repay the bank. But the bank and recovery
1 year ago
A. Dear Sir,
Remedies against harassment by Recovery Agents
Written By : Kishan Dutt Kalaskar Retired Judge
There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have been many such instances, to showcase an example, an 81-year-old woman was seriously threatened by recovery agents, she got 375 threatening calls concerning her child's unpaid bank dues. After that, she moved to the poli ...ReadMore
Property NPA having title suit
Sir, I have a property that has gone in NPA. I bought this property in 2005 and I had a CC loan with a Govt Bank since then. In 2012, I closed CC. And in December 2013, I took a new loan in OD format
1 year ago
A. Dear Sir,
You are in difficult situation since the Bankers may attach your father’s property but they cannot register any 420 case against you if registered you may go to the High Court and get it quashed.
Credit card settlement
Is credit card settlement legal? I missed one emi so they are asking to pay everything in one shot. 66k was my card limit for one month delay penalty is 7k. I requested for emi option but cannot bear
1 year ago
A. Dear client. It is true, credit card settlement is legal. However, debt settlement is the right choice for some people, but keep in mind that it will lower your credit score and make it harder to borrow money in the future. Even if you do qualify for future credit, your interest rates will be much higher than they would be if you had an excellent credit score
