Legal Question in Bankruptcy in United Kingdom
Debt Trap
what are the legal provisions to save a person from a debt trap?
Asked on 9/01/08, 12:53 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Debt Trap
A person's own wisdom is the ONLY law against debt trap.
Your statement is too widely worded. If you would like obtain legal opinion on particular issues, please narrate clearly the facts of your case.
Have you already taken a debt? or you intend taking a debt? What kind of debt trap you are in? Is it a bank, or private money lending institution or an individual who lend you money at a heavy rate of interest ??
Please provide all facts clearly for an appropriate opinion.
Answered on 9/01/08, 7:48 am
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