Page 11 - Singledebt

Personal Debt Programme – (PDP) case study 1 from Pune.
(Stopped harassment, put forward a defence to stop an order by
the arbitrator to remove his movable goods) – Trevor M. (Due to
confidentiality, we have not provided their photos, name or the
name of their business.)

A 32 years old single male from Pune living with his parents,
was struggling to pay his EMIs and got himself into a debt
trap due to looking after his ill parents and their medical
expenses.

His income is only ₹56,000 per month and due to maxing
out six credit cards and paying four personal loans EMI, his

monthly payments to his creditors rocked to ₹74,896 per
month and had to borrow money from family and friends to
pay his EMIs. Eventually he started to miss his EMI and
thereafter the harassment started from the creditors.

The type of harassment was 30 to 40 telephone calls a day,
visits to his parent home while he was at work and verbally
abusing and causing a ruckus in the house of the client and
threatening the client’s ill parents (age 60 years and 64
years) and screaming and banging on the door of the house.

He had approached us for help with his debts and
harassment, then after the initial debt counselling it was
discovered that he had no saving and that his only source of

income was from his employment. In this case the only
suitable product that would assist him in his situation was
PDP.

After enrolling onto our PDP it took our panel of Advocates
eight weeks to legally stop the creditors harassment. We
had also provided legal service in dealing with legal Notices
from the creditors and put forward a defence to stop a
Order from the Arbitrator to remove our client’s movable
goods.
He is currently paying us ₹20,000 per month, which we are
paying to all his ten creditors on a pro-rata basis, and all his
creditors are accepting payments as per his PDP payment
plan.