Hi,
I have some debt which i cannot repay.
I already given promisory note along with cheque for almost all of them. some of them have date and many are blank cheques and promisory notes.
coming to my properties i already have sold all of them and cleared some debt. but due to more interests, the debts are growing again and they now become uncontrollable. so i cannot clear the debts now.
my salary is not enough for the interests of loan also.
first to construst house i got debt. then to pay interest i got another loan again. like this the debt become more now. in middle i sold my property also and cleard some debts.
i dont want to cheat anybody but now itis eating me .
will i get jail? what will it going to happened?
so anyone can help me ? how can it b solvd?