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Finacial mamagement
by anonymous Mumbait on Oct 04, 2006 03:00 PM

I have faced similar situation in my life.. and still facing it and the worst part is I dont even have that many property to cover my liabilities and maintain my lifestyle..
The best thing I did is to find some new source if income and quick and harsh decisions.. for e.g

Malhotras can take home loan against their property peder road house and get some cash with low intrest..

Ask their children in usa to supoort them..

Buy some properties in suburbs for 10-15lakhs and sell it in 3 yrs for 20-25 lakhs whcih is sure return with less risk of loosing money and during the the time they can rent out their new property in suburbs to get soome cash flow..

they need to move faster it is in reach as long as they dont have liabilities of their own to pay..

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The above message is part of the Discussion Board:
Why Malhotras face bankruptcy