The United States Arbitration Corporation (USAC)

USAC Banner 300x250

Collapse

Announcement

Collapse
No announcement yet.

Loan repayment issues

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • Loan repayment issues

    5 years ago I started an exporting company. Profit was comparatively less, as it was a startup company. Also I had to face some financial crisis at that time. I borrowed an amount from a private finance. But I couldn’t repay it on time. I registered my company property to that finance company 3 months ago in order to close the loan amount. But they are saying property value is less than loan amount and interest. If I am not willing to pay the amount within 6 months, they will move legally against me. I was thinking of consulting some criminal defence law firms. But Is there any chance for out-of-court settlement? Now I have a job, if I get some time, at least one year I can repay the amount. I don’t know how to handle this situation
Previously entered content was automatically saved. Restore or Discard.
Auto-Saved
Smile :) Stick Out Tongue :p Wink ;) Mad :mad: Big Grin :D Frown :( Embarrassment :o Confused :confused: Roll Eyes (Sarcastic) :rolleyes: Cool :cool: EEK! :eek:
x

the color of snow is... (write the answer twice with an "@" between the words)

widgetinstance 213 (Related Topics) skipped due to lack of content & hide_module_if_empty option.
Working...
X