Legal Question in Credit and Debt Law in India

Repayment of personal loan

Can we file a suit of injunction, if unable to repay the personal loan? as i have lost money in stock market n liabilities are double than my earnings.


Asked on 3/19/09, 11:43 pm

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Repayment of personal loan

If your liabilities are more than your assets, you may file an insolvency petition declaring yourself bankrupt.

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Answered on 3/20/09, 7:44 am


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