Page 14 - Singledebt

PDP case study 4 from Hyderabad. (Stopped harassment, dealt
with legal Notices, Section 138 & arbitration hearings) – Trevor M.
(Due to confidentiality, we have not provided their photos, name or
the name of their business.)

A married, self-employed, 33-year-old from Hyderabad
had contacted us after extreme harassment and many

pending legal actions from his creditors.

He has personal loans totalling ₹14,69,000 and his total
EMI payments was ₹58,779, but due to a downturn in his
business his income had deceased to ₹30,000 per month
and was unable to service his EMI.

After missing his EMI, the creditors who were holding
post-dated cheques had banked these and because they
were dis-honoured had started legal Criminal actions and
arbitration actions against him.

After enrolling onto PDP our panel of Advocates were
able to deal with all his pending legal actions, which was

replying to all the legal notices for the arbitration and
section 138 in The Negotiable Instruments Act, which is all
covered under the PDP.

Our panel of Advocates also attended arbitration hearing
and Courts hearings, where we charged a nominal fee for
attending these hearings and putting forward defences,
so that no adverse action is taken against him.
Under PDP we had also attended all his creditors calls
and legal notices, which he had redirected to us, and
within two weeks we had stopped all the harassment.
He is currently paying us ₹15,000 per month, which we
are paying to all his eight debts which are five credit
cards and three personal loans on a pro-rata basis, and all
his creditors are accepting payments as per his PDP
payment plan.