In bad loan trap
Hi. I had lost good amount of money in my new business and eventually shuttled it down. I had invested my own savings and has taken money from some private lenders as well. To pay one, I had taken from another and eventually ended up in debt trap now and lost my Job also. I feel like doing suicide as all the banks and lenders are harrasing me every day and night. Despite I requested them to give me time.
There are some private lenders also who has taken my cars as security and I paid complete priciple and now threatening me of selling car as I could not pay interest.
Cars are on loan and I need to deal with bank also
Not Sure what to do as IBC for Individual is also not notified yet.
The only thing I want is time so that all these banks and lenders stop harrasing me and I focus on earning to repay them
Its mental tourcher on daily basis and if this continous i will have no option than to commit suicide as i am unable to focus on finding Job for me and there is huge pressure from every lender and they bother my family also. In fact many a times they shout outside our home so that all neighbours are aware about our default
Please suggest and need serious advice.