Legal Question in Bankruptcy in India
i have a personal loan& a credit card outstanding from a bank.not paid them since one & a half year.I am somehow managing to pay my other loan & the credit cards.it's very expensive to stay & survive in mumbai, but somehow i am managing my finances after making a huge loss in share market.i do not have any personal assets.i need to file bankruptcy so that the bank whom i have not paid does not call me for collection.i do not want to default on other loan & credit card.please help.
Asked on 11/13/11, 10:34 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Filing bankruptcy will also cost you money as well as time. Consider your options carefully. The litigation route will depend upon your liabilities.
Answered on 11/14/11, 11:39 pm
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