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How to file for bankruptcy
13-Jan-2023 (In Civil Law)
If I have to file for bankruptcy how can I go about it?
If you are a resident of Mumbai, Chennai or Kolkata, your bankruptcy application will come under the Presidency Towns Insolvency Act, 1909 (PTIA), while for all other cities and towns, the application will be submitted under the Provincial Insolvency Act, 1920 (PIA).
The underlying law is the same for both Acts except for some minor procedural differences. You need to file bankruptcy petition at a court in the city where you have either lived for more than a year or have conducted business for the same period.
You can hire a lawyer and prepare a petition on bankruptcy request by attaching all details of your assets and debts.
The underlying law is the same for both Acts except for some minor procedural differences. You need to file bankruptcy petition at a court in the city where you have either lived for more than a year or have conducted business for the same period.
You can hire a lawyer and prepare a petition on bankruptcy request by attaching all details of your assets and debts.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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Hello.
G m.
U will need to file the same in the High Court.
The details of outstanding liability. And the assets details.
U need to provide the reasons for filling the same.
The procedure shall take around 6months to complete.
Regards
G m.
U will need to file the same in the High Court.
The details of outstanding liability. And the assets details.
U need to provide the reasons for filling the same.
The procedure shall take around 6months to complete.
Regards
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Adv. Vinit Vinod Jain
Mumbai | 25+ Answers
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You can make application with affidavit and relief you want with help of lawyer. For further help you can revert back to me or give details on email address given or contact on phone for consultation.
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Adv. Bharat Pandirao Pawar
Pune | 500+ Answers
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you should meet personally with relevant documents and thereafter legal advise can be given to you.
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Adv. Anil Upadhyay
Delhi | 25+ Answers
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You have to file for bankruptcy/insolvency under the new act of 2016. I can help you if you want to file the bankruptcy and there is no other way to reset your profeasional lofe.. Its better that you file for bankruptcy asap...
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Adv. Rishabh Jain
Delhi | 100+ Answers
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