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Dear Client,
Before agreeing with a debt relief company or agency, an agreement for debt settlement needs to be verified by an Advocate practicing in Debt Recovery Tribunal or by a certified credit counselor. But, it may be noted that while there are legitimate debt relief/settlement companies, there are also many scam operations. So, if you're considering one, the Consumer Financial Protection Bureau(CFPB) suggests for contacting your state attorney general's(AG) office and local consumer prote

Dear Client,
Firstly, you need to contact the concerned bank manager or loan recovery agent and inform them about your financial situation. Further, you can ask for an extension in time for the payment, restructure of the repayment plan, or alternative methods for repayment. You can also offer offering to pay around 25% to 30% of the outstanding balance in exchange for forgiveness on the remaining amount. The officers will be able to assist you and provide you with the necessary alternatives. If

Dear client

What you can do is request them to restructure the loan and make the EMI smaller so that you can pay the loan in smaller instalments and avoid the loan being NPA.

Dear Client,
You can contact Simplilearn's Grievance Redressal Portal to address complaints about their online learning programs. You can also send an email to the Grievance Officer at grievance.redressal@simplilearn.net. and seek a refund of the amount and cancellation of the course. Further, you can send a legal notice to them about the same. In case of inaction, you can file a consumer complaint against the company before the District Consumer Forum for deficiency of services and unfair trade

Dear Client,
The guarantor of the loan has similar liabilities as that of the borrower and is responsible to repay the loan amount. Section 128 of the Indian Contract Act, 1872 provides for the surety’s liability and states that the liability of the surety is co-extensive with that of the principal debtor. The Supreme Court in multiple judicial pronouncements has emphasized that surety of a loan is liable to pay it if the debtor fails to clear it. It has also ruled that the creditor has a righ

Dear Client,

When a person issues a blank cheque without specifying a date or amount, the recipient can fill in the details and present it for encashment. If the cheque bounces, the holder can file a criminal suit under section 138 of the Negotiable Instruments Act within three months from the presentation date. The Supreme Court ruled in the Sripati Singh v. State of Jharkhand case that a cheque issued as security in a financial transaction can be presented for payment if the agreed repayment

Dear client, if you haven't paid the credit card bill they will impose penalty and charges over you due. If you are not paying after months then they can file a case on you for the outstanding amount. If you are unable to pay you can settle this matter amicably by discussing the terms of OTS- one time settlement with certain percentage of total amount.

Dear client, both members must sign a cheque for a joint account. A minor can write a check, but it must be countersigned by a parent. A minor account holder can use a chequebook to withdraw money from their account, but they cannot issue or draw a cheque in favour of a third party. If a minor gives a cheque and it has been dishonoured, the legal guardian who is a joint holder of the minor's checking account is liable under Section 138 of the Negotiable Instruments Act, 1881.

Dear Client,

In case of mishandling of cheque leafs and promissory notes, one may consider filing a complaint of cheating with the police. While the police may not take immediate action, lodging such a complaint serves as a defensive measure against potential false accusations from the other party in the future. This action can be crucial for safeguarding one's interests and ensuring legal protection in case of any disputes.

Dear Client,

The information you provided appears to be a mix of details related to the Provincial Insolvency Act, 1920 (which is now repealed) and debt settlement practices. It's essential to clarify that the current bankruptcy framework in India is governed by the Insolvency and Bankruptcy Code, 2016 (IBC), and the Provincial Insolvency Act, 1920, is no longer in effect.

Under the IBC, individuals and partnership firms can file for bankruptcy under the provisions of the individual insolvenc