My cheque bounced, and the case went to court for a compromise. I agreed to pay in three installments over six months, but I couldn’t make the first payment due to some difficulties. What should I do now? What are the potential consequences?
Best Answer
You should immediately inform the court and the other party about your inability to make the payment and explain the reason for the delay. Failure to do so could lead to a warrant for your arrest, further legal proceedings, and potentially higher penalties. You should also try to renegotiate the payment terms with the other party.
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