Respected Seniors,
Myself residing in Hyderabad few years back I took almost loan amount of 15 Lakhs and invested in Stock market which I lost in 2008 crash and also borrowed money from various people and invested and apparently both the amounts washed out ...since then im into secrecy or hiding process ...and bcoz i was unable to pay the same to banks and ppl from whom i borrowed ..even after selling every penny of my Property i m still left with no funds and recently Bank ppl was able to trace me and im into deep trouble ...as I have a small kid and i dont see any other scope but to suicide at this moment and whn i went and asked the bank ppl they said my amount raised upto to 50lakhs after interest and Penalty charges n all ...
However, my friend advised to appeal for Insolvency petition which will protect me from Banks and debtors who will not be in a position to trouble me...and start a fresh life
Please give us solution for my family to get out of this Turmoil....I m ready to contact Lawyers or suggest me alternates ...i pray to all the ppl here to give ur inputs and never get into the business of stock market...
Regrets,
Sreeram.M
