For most middle-class Indians, a salary means security. But when EMIs start eating up 60–70% of that salary, life feels like a prison.
That’s exactly what happened to Arjun (name changed), a 34-year-old IT employee.
With multiple loans and credit cards, his monthly salary was no longer enough to cover his EMIs. Soon, he faced the terrifying possibility of bankruptcy.
But with the help of Lawfully Finance, Arjun turned his financial nightmare into freedom.
1. The Struggle: When Salary Couldn’t Keep Up
Arjun’s story began like many others:
A home loan for his family’s dream flat 🏠
A car loan 🚗
3 credit cards used during emergencies 💳
A small personal loan for wedding expenses 💍
Initially, he managed everything. But when his company cut bonuses and delayed increments, EMIs started to choke his monthly budget.
Monthly salary: ₹65,000
Total EMIs: ₹58,000
👉 That left him with almost nothing for living expenses.
To manage, he started using credit cards to pay for groceries, utilities, and even part of his EMI through cash advances. Very soon, his debts piled up to ₹11.5 lakh.
2. The Breaking Point
Within months, Arjun fell behind on payments.
Banks started calling daily.
Recovery agents reached his office.
His CIBIL score dropped below 590.
He worried about losing his house, his job reputation, and his peace of mind. Bankruptcy seemed like the only option.
That’s when a colleague told him about Lawfully Finance.
3. The Turning Point: Lawfully Finance Steps In
When Arjun contacted us, he was under heavy stress. Here’s how we helped him step by step:
✅ Step 1: Stopping Harassment
Our legal-finance team immediately informed all banks and recovery agents to communicate only with us.
Harassment calls and workplace embarrassment stopped instantly.
✅ Step 2: Assessing the Real Debt
Out of ₹11.5 lakh outstanding, nearly ₹4.2 lakh was penalties and interest.
His actual principal was far lower.
✅ Step 3: Negotiating Settlements
We approached each lender with documented proof of his financial hardship.
Negotiated aggressively to bring down the dues.
✅ Step 4: Structuring Affordable Repayment
Instead of demanding lump sum, we created a 6-month phased settlement plan.
Arjun paid from his salary without needing more loans.
4. The Result: From EMI Stress to Financial Freedom
✔ Total outstanding shown by banks: ₹11,50,000
✔ Final consolidated settlement: ₹3,75,000
✔ Total savings: ₹7,75,000
✔ Duration: 6 months
✔ All accounts closed with NOCs
✔ CIBIL repair plan initiated
👉 Bankruptcy avoided.
👉 Harassment ended.
👉 Arjun finally got his life back.
5. Lessons from Arjun’s Story
Never use one loan to pay another. It only worsens the cycle.
Facing the problem early saves money. Settlement is cheaper when handled quickly.
Salary stress doesn’t mean bankruptcy. There are legal ways out.
Professional help makes the difference. Banks negotiate more fairly with legal-finance experts than with individual borrowers.
6. How Lawfully Finance Saves Borrowers from Bankruptcy
At Lawfully Finance, we help people like Arjun every day.
✔ Stop harassment from banks and recovery agents
✔ Recalculate real dues (separating principal from inflated penalties)
✔ Negotiate lowest possible settlement
✔ Ensure legal closure with NOCs
✔ Provide a step-by-step CIBIL rebuilding plan
👉 For many clients, we don’t just save lakhs—we save their homes, careers, and dignity.
Conclusion: Salary Stress ≠ Bankruptcy
If your salary is no longer enough to cover your EMIs, don’t assume bankruptcy is your only option. Like Arjun, you can:
✔ Save lakhs through settlement
✔ Protect your assets and family
✔ Start fresh with a proper financial plan
📌 Lawfully Finance is here to guide you.
Book your confidential consultation today and take the first step toward financial freedom: