Envision falling towards the an obligations pitfall, exhausting all sources of financial support, and you will ending up from the a dead end

• Insolvency password for folks could make the method smother
• A delicate and you can quick personal bankruptcy procedure will help a huge number of consumers resolve and you may rebuild their financial lifestyle

This kind of situations, your simply recourse is generally filing for bankruptcy proceeding. Even though Indian laws have the supply where some body can also be file for bankruptcy, the process is a lot less streamlined as it is to possess business entities underneath the Insolvency and Case of bankruptcy Code (IBC). Continue Reading