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Try talking to your banker to extend the loan tenure, sell off some of the assets and see if you start over again… Friends and family might help you because they know you are a good man. Often its a pure business deal, where they pump in money in return of sale of assets/partnership…

sometimes they do it because they have faith in your business skills and they know that this is a temporary phase..

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Its very easy to start a business, its tuff to run it for the first year, its tuffer the second year.

If you dont have a financial back up then its sure that you will collapse on your third/fourth year.

NOTE: YOU THAT IS ABOUT TO APPLY FOR THIS LOAN MUST HAVE Trust, Courage, Faith.

COS THEY ARE THE KEY TO ANY TRANSACTION IN THIS WORLD OK!!

India does not have a clear law on corporate bankruptcy even though individual bankruptcy laws have been in existence since 1874.

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