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Can I File For Bankruptcy, I Have Huge Debt In Credit Cards


02-Sep-2023 (In Bankruptcy / Insolvency Law)
Hi, my income has reduced to 30% only, I have one property but my wife is joint owner and not willing to sell it. I have huge debt in credit cards, can I file for bankruprancy if I am unable to pay dues
Answers (1)

Answer #1
689 votes
You can file for individual bankruptcy or insolvency, you should not in the meantime make any large favoured payments to any one or more of your creditors. I have in the last two years filed around 10 such cases in Bangalore, consultation for this with me is free.

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