Creditors calling to work place repeatedly for cheque bounce case
10-May-2023 (In Cheque Bounce Law)
In 2016 I took a loan for 3 lac rupees. The loan got disbursed in Feb 2016. Just after few months around May or June. I lost my Job I was not able to make payments. I got a new job last year in April where I started with 20,000 a month and was did few payments like 5000, 10000 to bank. Meanwhile they put my cheque bouncing case in court. Which is karkardooma court. And I am not able to go there. So far there is one date where I didn't appear and the second one is in July. How do stop the creditors to chase me. Or declaring myself bankrupt will help. Because again I have become jobless since April. As those bank people calling at my workplace and that got impacted my reputation. Need help in this regard as am struggling for money.
Declaring yourself bankrupt would not help in cheque bounce case. The cheque might have been given advance for payment but the loan is legal debt and you cannot deny tbat try to settle the case arranging payment else you have the optuon to hire a lawyer who will defend you and provide you time arlund 1 year in which u can get another job and arrange funds. The lawyer can provide you time.
bankruptcy is not a solution it will not be good for you in future. you missed only one date in court . you should appear in court and get bail than you compromise with the bank and request to the court for nomminal amount of installments.
it would be better that you search for your job at the earliest and then try to make the payment of the cheque amounts. Getting bankrupt is not an easy procedure moreover, it only gets done, when someone is in business. Court must have issued Non Bailable warrant against you for your non-appearance with seeking exemption from the Court. Hire a good advocate and take his advise.
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