What is the legal procedure to declare myself as insolvent
30-Mar-2023 (In Banking / Finance Law)
I was running a hotel business for the past five years. I have lost more than a crore. I have borrowed loan from pvt financiers and car and credit card loans from Hdfc bank and housing loan from SHFL. SHFL housing loan got NPA. Now I’m popper. The pvt financiers have threatened me and my family. My children are studying in fourth & fifth standard, I quit Chennai with my children education just Because of the pvt financiers threatening.Can I declare Insolvent? What is the legal procedure? Plz explain
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