Consult Best Bankruptcy / Insolvency Lawyers / Advocates in India


Bankruptcy and Liquidation are the worst scenarios which could happen to any company or individual. However, the Insolvency and Bankruptcy Code, 2016 aims to offer an alternate and timely solution for both the debtors and creditors.Many people often mix up the terms "insolvency" and "bankruptcy", assuming them to mean the same thing. However, these two terms, though similar, have different meanings. 


What is Insolvency and Bankruptcy?

Insolvency is essentially the state of being that prompts one to file for bankruptcy. An entity – a person, family, or company – becomes insolvent when it cannot pay its lenders back on time, whereas, Bankruptcy is a legal declaration of one’s inability to pay off debts. Many people often mix up the terms “insolvency” and “bankruptcy”, assuming them to mean the same thing, which is clearly not the case.

What are the indicators of Insolvency?

During the investigation, the liquidator will identify the signs of insolvency such as whether the company or an individual:

• Suffered recurrent losses every quarter/ financial year.
• Failed to pay taxes and other obligations required under the law.
• Issued dishonoured or post-dated cheques.
• Had-set off or arrangements for his loan.
• Exceeding his due date of payment to creditors.
• Availing multiple loans intending to stabilize the business, etc.

How can a lawyer help?

Filing for bankruptcy is a great way to get out from burdensome debt, and most people feel a tremendous sense of relief when their bankruptcy case is over. But understanding the process and filing for insolvency and bankruptcy can be intimidating.

That’s where an Insolvency and Bankruptcy lawyer comes in. Not only will you receive all the legal advice, but the lawyer can handle your case from start to finish while also guiding you with all the court process.

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Advocate Ricky Chopra

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 100+ user ratings
Sector - 49, Gurgaon
18 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Rajesh K.S

LawRatoLawRatoLawRatoLawRatoLawRato 4.5 | 100+ user ratings
LH House, Bangalore
13 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Prerna Oberoi

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 25+ user ratings
Sector 41, Noida
7 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Ricky Chopra

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 100+ user ratings
Karkardooma Court, Delhi
18 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Sunil Kumar Bakshi

LawRatoLawRatoLawRatoLawRatoLawRato 4.9 | 25+ user ratings
Sector-16, Faridabad
32 years Experience
Bankruptcy / Insolvency + 3 more

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Advocate Bala Janaki

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 10+ user ratings
330 Thambuchetty Street, Chennai
34 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Vijay Tangri

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 5+ user ratings
Saket, Delhi
20 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Ravi Jadhav

LawRatoLawRatoLawRatoLawRatoLawRato 4.6 | 10+ user ratings
Koregaon Park, Pune
11 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Dolly Sharma

LawRatoLawRatoLawRatoLawRatoLawRato 4.8 | 5+ user ratings
Morabadi, Ranchi
6 years Experience
Bankruptcy / Insolvency + 3 more

Advocate Divesh Sharma

LawRatoLawRatoLawRatoLawRatoLawRato 4.6 | 10+ user ratings
Chitrakoot, Jaipur
4 years Experience
Bankruptcy / Insolvency + 3 more


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