Asked in Civil
For proper advice in this case, you have to book paid consultation. Full facts are required to be discussed.
Issue him notice through lawyer demanding your money and if he refused to pay then File Money RECOVERY SUIT IN COURT through lawyer.
Dear client, If you have borrowed money from someone and are unable to repay it, it's important to approach the situation responsibly and communicate openly with the lender. Here are some steps you can take: Assess your financial situation: Take a close look at your finances to determine your current income, expenses, and assets. Evaluate your ability to repay the debt based on your current financial circumstances. Communicate with the lender: It's crucial to have open and honest communication with the lender. Reach out to them and explain your financial situation. Let them know that you are unable to repay the debt at the moment and discuss potential solutions. Negotiate a repayment plan: Work together with the lender to come up with a repayment plan that suits both parties. This could involve extending the repayment period, reducing the monthly installments, or finding alternative ways to settle the debt. It's important to be realistic about what you can afford and to propose a reasonable solution. Provide documentation if necessary: If the lender requests documentation to support your financial situation, such as bank statements or proof of income, be prepared to provide the necessary information. This can help demonstrate your current financial constraints. Consider legal advice: If the lender is not cooperative or if the situation becomes contentious, you may want to seek legal advice. A lawyer can help you understand your rights and options, and they can also negotiate with the lender on your behalf. Explore financial assistance options: Depending on your specific circumstances, you may want to explore other potential sources of financial assistance, such as loans from friends or family, financial aid programs, or debt consolidation options. These alternatives should be approached with caution and careful consideration of the terms and conditions involved. Remember, it's important to take responsibility for your financial obligations and make a genuine effort to resolve the situation. By being transparent, communicating openly, and working towards a solution, you can improve the chances of reaching a mutually acceptable agreement with the lender.
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