Legal Question in Bankruptcy in India
Bankruptcy
For a great loss of my business, one week ago I had made payments to my suppliers through my credit cards. But now I am not able to pay the banks. At that moment may I file bankruptcy?
Asked on 3/04/09, 2:36 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Bankruptcy
Yes, you may file bankruptcy at any stage whenever you realise that your liabilities are more than the value of your assets and that with the given means you may not be able to satisfy your debts.
Answered on 3/04/09, 9:53 pm
Related Questions & Answers
-
Insolvency If one has to file insolvency, how to go about it. Does it take care of... Asked 3/03/09, 9:30 pm in India Bankruptcy Law
-
Bankruptcy My enquiry is regarding whether it is essential or not to inform the... Asked 3/02/09, 7:00 am in India Bankruptcy Law
-
Bankruptcy what is bankruptcy in detail? I want to know about bankruptcy chapters... Asked 2/28/09, 2:44 pm in India Bankruptcy Law
-
Bankruptcy I need some advice on what i should do next ... I run a business of... Asked 2/04/09, 9:34 am in India Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
