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my credit card was stolen by someone from my house. they did expences around 55,000. I lodged the FIR in the local police station. culprit has long network, so it will take time to catch them. i am a fixed salaried employee, i am unable to pay this amount. Is there any settlement process to solve this problem ?

Hello. As far as I know you are not liable for the charges put on your card by a thief. I think as long as you have a police report the credit card company will not hold you responsible for the charges. This is not a debt settlement issue. I suggest you speak to your credit card company and the police to get things sorted out. Good luck to you.