Default in credit card & personal loan
A
(Querist) 08 June 2009
This query is : Resolved
I have taken personal loans & having outstanding on credit cards total amounting to nearly 15 lacs. Now from the last three months i am unable to pay off my debts due to losses in business. Now i dont have any income to off these. Please tell me whether I can file for Bankruptcy or insolvency & what is the procedure for the same. I also want to know where should i approach for the same as i dont have any money to pay the lawyers fees even.
Y V Vishweshwar Rao
(Expert) 08 June 2009
In Your Place/place of Business , there is a Legal Services Authority , You can appraoch the Legal Services Authority and submit your problem and request the LSA to Help you . The LSA will help you , the case will be allotted to an Advocate to Assist you, to initiated the required legal proceedigns -according to your case details.
