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Legal Needs [This Network is not currently active and cannot accept new posts] | | Topics
[Discussion] Debt CollectionViews: 116
Oct 09, 2008 3:32 pm re: [Discussion] Debt Collection
7 Th Thinking Hat Lendor is not "supposed to" use harsh measures. He is "supposed to" go to court and wait till law (read court) takes its own course.

If the lendor resorts to harsh measures it not only ensures recovery but also acts as a deterrent against potential defaulters. Now it is borrower's choice to go to court and complain about harsh measures of lendor and wait till law (read Court) takes its own course!

Do you see the point? The real culprit is the judicial system which has failed to deliver and therefore people have to rely on their own means.

One more law? In this country you can even stall court's verdicts from being implemented if you have clout. Existing laws has enough teeth and venom.But the snakes have been puppetised.

Private Reply to 7 Th Thinking Hat (new win)





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