Getting the right answers from the best cheque bounce lawyer


Cheques are financial instruments used regularly by people from all around the globe in order to make payments. Most banks process cheques on a daily basis as people use them to pay bills, loans, salaries, fees among other payments. Research shows that they are used as proof of payment and regarded as one of the most reliable methods of carrying out transactions. There is however an increase in the number of cheques that remain unpaid by the banks because of various reasons. This has seen the industry set up stringent measures in a bid to ensure that the cheques are honored. The same has necessitated the need for a cheque bounce lawyer who is able to ensure that the rules are adhered to at all times.

Get your facts right

Getting more insight on the various facets of law allows you to appreciate the need for specialization. This move gives lawyers a chance to single out the area which they are most suited and are able to represent their clients in an effective manner. This is the reason why you can easily find a divorce lawyer in delhi, a family lawyer, a criminal lawyer in case you find yourself on the wrong side of the law among many others.  In order to understand more about bounced cheques from the lawyer, here are some of the commonly asked questions that may give you the answers that you are looking for.

  • What are the main reasons for a cheque dishonor?

Getting your facts right allows you to stay well informed on the various ways through which a cheque may be dishonored. The most notable include insufficient amount on the account of the drawer or a cheque drawn from a closed or black listed account. As you learn more about conducting your new business, a trademark lawyer india is also able to advice you accordingly as well as help you file a suit in case of copyright infringement.

  • What happens if a cheque dishonored?

According to a cheque bounce lawyer, when a cheque is dishonored, the drawee banks should immediately issue a return memo to the payee bank stating the reason for not paying. The payee is the given the memo by the bank after which they can resubmit the cheque knowing that it will be honored within three months from the date of issue. Failure to honor the payment may prompt the payee to prosecute the drawer.

What is the penalty according to the cheque bounce law?

It is important to note that cheque bounce is a criminal offence that may result to a two-year imprisonment term, cash penalty that may be up to two times the amount of the check or both. The drawer should ensure that they honor their payments to avoid devastating implications.#Getting the right answers from the best cheque bounce lawyer


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