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Filing of Insolvency petition if not able to pay emi and card bills
27-Oct-2023 (In Banking / Finance Law)
Hi I have taken personal loans and credit cards from different banks due to financial problems i could not pay my emi and card bill.I have total debts of 5 lakhs,i am willing to pay the amount to banks but I need time.Can I file insolvency petition in court.Plz help me
yes you can file insolvency petition in the court of law to get rid of the all the debts, in case if need time i can definitely help you in terms of arranging the time for your legally, it is possible to bargain for time as well
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Adv. Neeraj N
Hyderabad | 100+ Answers
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