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I borrowed money from a friend and also took bank loans. Due to financial problems, I am unable to repay on time, and now there’s a claim of fraud against me. What can I do legally in this situation?
If you are unable to repay loans, try negotiating with the lenders for an extension or settlement plan. However, if someone has falsely accused you of fraud, gather proof of genuine intent to repay. Approach a lawyer to defend against fraud charges and possibly seek legal restructuring of debts. For further legal assistance contact us on our helpline number.