Legal Question in Banking Law in India

''I do not have money to pay my card outstanding

Thankyou sir,for reply on my question but how can i go for show me pauper(insolvent).Please guide me i really thankfull to you.

Sir,i contact some advocate but they told me it not possible can u help me out.If u can its like me give new life.

Thanks sir.


Asked on 5/03/08, 10:25 am

6 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: ''I do not have money to pay my card outstanding

If you wish to be declared insolvent, you have to make a petition to the local court to declare you insolvent. Take the help of a local lawyer. While, it is easier to have you adjudged as insolvent, you may lose the job as employment of an undischarged insolvent is prohibited in bank employments and you cannot also incur fresh debts. You have to seek the remedy only at the place where you are permanently resident and not throw the problem in this forum.

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Answered on 5/03/08, 11:04 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: ''I do not have money to pay my card outstanding

I would recommend you to consult a good advocate who can file a petition in the local court which declares you insolvent.

This forum wont help you from this situation.

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Answered on 5/03/08, 1:05 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: ''I do not have money to pay my card outstanding

I would recommend you to consult a good advocate who can file a petition in the local court which declares you insolvent.

This forum wont help you from this situation.

Read more
Answered on 5/03/08, 1:06 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: ''I do not have money to pay my card outstanding

I would recommend you to consult a good advocate who can file a petition in the local court which declares you insolvent.

This forum wont help you from this situation.

Read more
Answered on 5/03/08, 1:06 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: ''I do not have money to pay my card outstanding

File a petition in a local court for getting declare as an insolvent.

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Answered on 5/05/08, 2:38 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: ''I do not have money to pay my card outstanding

Also hire some good and intelligent advocate.

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Answered on 5/05/08, 2:48 am


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