Several lakhs of Indians loose their employment became victim for COVID - 19

The COVID-19 pandemic has taken and continues to take an unprecedented public health and economic toll on our state. Most of the conditions are known all too well: the deaths of thousands of our fellow Indians and illness to Lakhs of others, devastating families and straining the capacity of our hospitals and other health care providers. With more than a million Indian workers having filed for unemployment and state government facing a budget shortfall in the Crores of Money, the impact on the economy is like nothing we’ve seen in our lifetimes. Millions of Indians are without a single earning in this quarantine period. The middle class family is indebted and now in the position not to repay the debt. The Banking sector even in the quarantine period neglects the government guidelines now pressuring their customers to repay the loan. Losing Indians job will force them to get loan in private sector. It is better to be advised to the fellow citizens now to borrow money from the money lenders. And in this situation the small scale industries and the set back of the major industries, the fellow citizens should not take negative decision and move to the forward decision. New business and industries will emerge after quarantine, every people should utilise it to combat the evil economic covidfall. Author Advocate K.P.Satish Kumar M.L. Madras High Court All questions and doubts can sent to us at our Whattsapp No.9962999008.

Can a Economic offender can escape by surrendering the Indian Citizenship

Fugitive diamond trader Mehul Choksi has surrendered his Indian passport and renounces his Indian Citizenship by mere surrendering his Indian passport in Indian embassy at Antigua by merely paying Rs.13,500/- as renunciation charges. Antiqua provides citizenship for US$1,00,000/- which is very cheap for economic offenders. Mehul Choksi is the proclaimed offender by the Indian court for the multimillion croe scam in Punjab National Bank (PNB). Antigua leads a new way for the scientific asylum to many economic offenders for the entire world. Antigua and Barbuda has a newly launched citizenship by investment program for investors who can directly acquire citizenship and passport by donation to a charity for a sum of US $ 1,00,000 or through purchase of real estate for US$ 4,00,000. The country joins St.Kitts and Nevis and Dominica where the citizenship program is already up and running. Choksi who obtained citizenship of Antigua by investor scheme has returned the Indian Passport. The question now is Choksi can be legally extradited to India from Antiqua. So far only 3 Indians has been extradited from foreign countries. They are 1. Ravindra Kumar Rastogi ( UAE, 2003), 2. M.V.Raja @ Louis Jaloo ( UAE 2005) and 3.Narendra Rastogi (USA 2008). In all these cases India had extradition treaty with the above countries. But with Antigua there was no such treaty. Even though assuming that Antigua is a common wealth countries can a person can extradited between the Common Wealth countries is a question. In the year 2001 India has some arrangements with Antigua and Barbuda in the matter of Extradition. Since Treaty is different from arrangements, Antigua can even refuse to extradite Mr.Choski or may accept it. India should frame new laws in accordance with the international treaties and obligations in order to shut the loop holes for the economic offenders such as Choski and Mallaiya which causes major earthquakes in Indian economy. There is 50:50 chances for Choski extradition to India. The Author K.P.Satish Kumar M.L. is the Advocate in High Court Madras. By Team Daniel & Daniel Join Our Whattsapp Group @ 9840802218.

Do I Need a Insolvency Lawyer to over come my Debt?

The pressures of financial hardship may lead to the need to declare Insolvency. The process is complicated though, and in order to make sure you are filing for the right category of Insolvent, you may need a bankruptcy advocate to guide you through the steps. Here is what you may expect from the process: What Does a Insolvency Advocate Do? There are two different types of Insolvency advocates: commercial Insolvency advocates who will help you file for insolvency for your business, and consumer insolvency advocate who will help you file for insolvency for yourself or with your spouse. Commercial insolvency lawyers protect your business from creditors when you are going through a insolvency filing. They can also help you clear loans and request time to restructure your business. Consumer Insolvency lawyers protect you and your partner when going through insolvency filing by dealing with creditors, clearing debt, and setting up payment plans. How Do I Know If I Need a Insolvency Advocate? The signs that you may need to consult with a consumer or commercial bankruptcy lawyer are mainly the same: • Unable to pay your bills • Constant calls from creditors and debt collectors • Unsure how to approach debt piling up • Bounced checks • No cash flow • Need representation in court If your business is struggling, you may want a insolvency lawyer. Your lawyer can help get you time to restructure your business and reorganize your debts to be paid later. However, if you know that you have to close your business, you may need a insolvency lawyer, who will essentially hand over your business to the creditor in return for a cleared debt. If you personally are filing insolvency, you may also insolvency attorney if you cannot repay your debt over time. You will be given a financial fresh start in return for some of your personal assets. If you are trying to repay your debt but you just need more time, a advocate can help reorganize your debts and negotiate a payment plan with creditors. Do I Need a Lawyer to File Insolvency? Individuals aren't required to have a lawyer to file for insolvency (corporations and partnerships do). Given the complicated procedures surrounding insolvency filings, you're probably better off with a insolvency lawyer who can protect your rights as a debtor. How Much Do insolvency Advocates Charge? Typically insolvency advocates will charge by the hour, and will ask for a retainer. A retainer is a fee paid upfront which will then be put toward what you owe the lawyer. Your rates will vary depending on where you live and the category of bankruptcy you decide to file. Be sure to ask up front how much your lawyer will charge. Some agencies claim to reduce or consolidate debt, but end up costing you much more than you originally owed in the long run. A insolvency lawyer will try to consolidate or reduce debt without throwing you even farther into the hole. What Should I Expect When Working with a insolvency Advocate? Depending on the type of insolvency you file, your debt will either be lowered, erased, or reorganized so that you pay when you're able to. Creditors would rather get a lower amount of money than none, so they are willing to discount the amount you owe them. If you're filing for consumer insolvency, you may lose some assets and if you're filing for commercial insolvency, you may lose your business. A insolvency lawyer will be the best suited to evaluate your situation and recommend the type of insolvency you should file, as well as be there to help you through the process. Article by Advocate K.P.Satish Kumar M.L., Best Civil Lawyer in Chennai. For queries about your Money Claim call Daniel & Daniel @ 9962999008 Lawyer for Credit Card, Lawyer for Personal Loan, Lawyer for Mortgage Loan, Lawyer for Student Loan, Lawyer for bank Loan, Debt recovery Tribunal Lawyer, Lawyer for DRT, Lawyer for securitization, Lawyer for Loan issues, Lawyer for recovery of Money , Lawyer for Insolvency in Chennai

Why you Need a Debt Collection Advocate?

Debtors dread hearing from collectors looking for money, and creditors hate when those in debt dodge their phone calls. If you’re in either situation, you may help from a legal professional. What Does a Debt Collection Advocate Do? A debt collection advocate can represent you if you’re a creditor or a debtor. A lawyer can help come up with strategies either to get back money that you’ve loaned out or to protect yourself from overeager creditors. Your attorney can handle paperwork for you or represent you in court. How Do I Know If I Need a Debt Collection Advocate? If you’re in debt, some signs that you may need a debt collection attorney are: Creditors frequently calling your home or workplace • An inability to pay back loans at the present time • Threat of lawsuit from a creditor • Being treated unfairly by collectors You may also want to consider a debt settlement advocate who can help reduce or eliminate loans in order to avoid debt collectors. If you need repayment for a debt and the debtor isn’t paying up, a debt collection advocate can help figure out your best course of action to get your money back. You may also want to consider a creditors rights attorney, who works solely for creditors to help them regain their money. How Much Does a Debt Collection Advocate Cost? Advocate use different methods of billing, so there’s no straight answer to this. Many debt collection Advocates charge an hourly rate. Other charge based on a contingency, meaning you will not have to pay anything up front but your lawyer will take a percentage if you win your case. If you don’t win, your lawyer won’t receive any payment. If your lawyer decides to charge in this way, you’re likely on the creditor side because you have more to gain than if you were on the debtor side. Discuss how your lawyer bills up front, so that you can both agree on a fee you’re comfortable with. What Should I Expect When Working with a Debt Collection Advocate? If you are a creditor, an advocate can help you put a plan in place to gain back the money you loaned out. Should you go to court, the timeframe and the amount you get will depend on the judge’s ruling. If you’re able to settle outside of court, you and the debtor will be able to negotiate terms. As a debtor you face the same outcomes, but instead of receiving any money, you can expect to pay back the amount you borrowed or possibly less if your advocate is able to negotiate the amount down. In any case, the matter should be resolved in the end and neither side should have to bother the other again. A debt collection advocate is the best defense from being taken advantage of, so if you feel that you can’t handle either a creditor or a debtor on your own, an advocate will be able to help you. Article by Advocate K.P.Satish Kumar M.L., Best Civil Lawyer in Chennai. For queries about your Money Claim call Daniel & Daniel @ 9962999008 Lawyer for Credit Card, Lawyer for Personal Loan, Lawyer for Mortgage Loan, Lawyer for Student Loan, Lawyer for bank Loan, Debt recovery Tribunal Lawyer, Lawyer for DRT, Lawyer for securitization, Lawyer for Loan issues, Lawyer for recovery of Money

How to Collect Personal Debt from a Friend, Family Member, or a Business

Many of us think of debt collection as something that only businesses and contractors have to deal with. But of course, this simply isn’t the case. Sometimes, individuals make loans, be they to businesses or other people, and have trouble securing repayment. There are legal remedies you can use to collect of debts you’re owed, but small claims court, debt collectors, and advocates fees can often times be avoided if you’re smart and proactive. Here are five tips to protect yourself against non-payment. 1. Use a Promissory Note We can’t stress this enough: if you’re going to loan a business or other individual any substantial sum of money, put it in writing. Understandably, asking a friend or loved one to enter into a contract can feel impolite, but if you’re worried that you may not get paid and that you’ll miss the amount of money you’ve loaned in the first place, it’s essential. A PromissoryNote simply lays out the sum of money loaned and the conditions of repayment. You can set these as you see fit. Perhaps you’d like to acrue interest on loan or demand it repaid within a month or a year. These options are certainly available to you. Promissory notes are fairly simply contract but they are binding documents. Securing repayment without one is always much more difficult. 2. Be Polite Even though the debtor has broken their word, collecting on a debt tends to go more smoothly if you’re polite. Contact the debtor and ask if they remember the debt and when they plan to pay. Sometimes, they may have just forgotten. But no matter what, being combative is the surest way to stall the process. Debtors can get combative and react to your negativity. Especially on your first contact, approach them with respect and politeness. 3. Put Your Requests for Payment in Writing If your first entreaties are ignored, it’s time to send letters. 30, 60, and 90 Day Past Due Notices can be used for this purpose. They’ll create a paper trial and show your debtor that you’re serious about getting repaid. Keep copies of these letters in case you end up in small claims court down the line. 4. Think about a Debt Settlement Agreement If your debtor has fallen on hard times or if you’re worried about recouping your loan or if the amount you loaned is simply not worth the hassle, think about using a Debt Settlement Agreement. With this, you can amend the original agreement, changing the amount owed or the time frame in which the debtor must pay you. Sometimes, avoiding protracted court room battles or the worry about losing a friend over a debt can spur people to using these agreements. You’ll have to consider whether it’s right for your particular case, but it’s good to know that the option is available. 5. Call in the Big Guns Hopefully, it never comes to this. But if your personal attempts to collect your debt go ignored or otherwise fail, it’s time to call a lawyer. If you were a business, a collections agency might be your best option. But, generally, in personal matters, it’s smarter to enlist the help of an attorney first. Have the Lawyer write a letter to the debtor. The appearance of a demand letter on legal stationary can show your debtor you’re serious about getting what you’re owed. If your debtor still won’t pay up? Then you may want to consider money through court process. Of course, once you have a seasoned lawyer on your side, it’s a good idea to ask his or her advice as to how to proceed. After all, every loan, every debt, and every situation is different. A good lawyer can advise you how best to navigate your unique situation. Article by Advocate K.P.Satish Kumar M.L., Best Civil Lawyer in Chennai. For queries about your Money Claim call Daniel & Daniel @ 9962999008 Lawyer for Credit Card, Lawyer for Personal Loan, Lawyer for Mortgage Loan, Lawyer for Student Loan, Lawyer for bank Loan, Debt recovery Tribunal Lawyer, Lawyer for DRT, Lawyer for securitization, Lawyer for Loan issues, Lawyer for recovery of Money

Approach Legal Forums against Recovery Agents Harassment - Helpline:- 9962999008

The victims of the collection agents can approach consumer forum and civil courts for proper remedy. If an collection agent repeatedly calling the consumer, makes nasty comments, vulgar words or threading words or comments about the women’s physical appearance or calling a women to share the bed if she dosen’t pays the debt or continued phoning even after she paid her debt. Then make auto record of all the calls made by the recovery agents and get detail of calls and timings of the calls made by the recovery agents from your service provider. Recovery agents had faced thousands of lawsuits alleging they used abusive tactics to force consumers to pay debts. One such case a recovery agent was reportedly charged with threatening consumers with jail time and having employees tell consumers they worked with Tamilnadu Police Service. The innocent customers routinely tricked and coerced or attempted to trick and coerce thousands of victims throughout India into paying millions of Rupees in consumer debts through a variety of false statements and false threats. The writer Mr.K.P.Satish Kumar M.L. is the leading loan defaulter lawyer in Chennai. If you are affected by the recovery agents, approach proper Association or forum which deals the recovery agents and protect the victims. You can get 24 hrs help from TIDDA and its HELPLINE – 9962999008.

Bank Agents scam in recovery of Loan- Helpline @ 9962999008

There are various scams recovery agents will use to harass or intimidate consumers into paying debt - even if the consumer being targeted does not actually owe that debt. Some scams include attempting to collect on an old debt - there is a statute of limitations on when a debt can be collected on; attempting to collect from a person with the same name as the debtor but who does not actually owe the debt (often referred to as debt tagging), re-aging the debt - making the debt appear more recent than it is, negatively affecting the consumer's credit score; and threatening to file criminal charges (consumer debt is not punishable in criminal court). Other debt collector scams can include the caller misrepresenting the amount that is owed, asking to pay interest and fees not allowed by law, fraudulently sending correspondence that looks like a legal or "official" document when in reality it is not, and falsely representing that they are attorneys or government representatives. If you or a loved one has suffered recovery agent Harassment damages or injuries, please call our Helpline @9962999008 and register your complaint and in extreme we arrange recovery agent Harassment lawyer who may take steps to protect your legal rights.