What Is The Process To File For Individual Bankruptcy?

I am unable to repay loan EMI and credit card bills due to loss of employment. I want to file for bankruptcy. I want to know the cost.

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

If you live in Mumbai, Kolkata or Chennai, you will be governed by the Presidency Towns Insolvency Act, 1909; for all other places in India, you will be governed by the Provincial Insolvency Act, 1920. Both laws are similar and eventually are meant to be replaced by the IBC.

Answered on 17 Feb 2020


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