Page 15 - Singledebt

Corporate Debt Programme (CDP) - case study from Mumbai.
(Restructured five business loans with moratorium periods,
reducing his EMI by 42% & negotiated a settlement of 51% discount
on four business loans). – Trevor M. (Due to confidentiality, we have
not provided their photos, name or the name of their business.)

A businessman in Mumbai was running a successful
manufacturing business for the real estate trade, had nine
business loans and two car loans and was paying a total EMI
of ₹6,75,899 per month.

Due to the downturn in the real estate market the

announcement of demonetization and introduction of GST,
which all had a very big impact on his business and in time
was unable to service his loans.

After missing his EMIs he experiences undue harassment
from his creditors, that he was unable to handle, causing
him extreme mental depression and was having suicidal
ideation.
He approached us for help and enrolled onto our CDP, and
within a week our Advocates were able to stop the
harassment. All his creditors calls were taken by our
Advocates, who also successfully dealt with all his legal
notices that he had received prior to enrolling on to the
CDP.

Thereafter our financial advisors, Advocates and our
chartered accountant (CA), have successfully restructured
five of his business loans with three months moratorium
period (EMI holiday) before he starts to pay his lower
business EMI.

We also negotiated settlement of the other four business
loans to be paid over four instalments and restructured his
car finance and now his total EMI that we have arranged for
him is ₹1,43,000 per month on the five restructured loans,
reducing the EMI by 42% and we have negotiated a
settlement of 51% discount on the remaining four loans
which was 19 lacs to a settlement of 9.7 lacs.

We were able to successfully restructure his five business
loans and four settlement within four weeks of enrolling
onto CDP.

He is now able to concentrate on his business and able to
service his financial commitment.