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Due To Burden Of Loan And Unlicensed Money Lender Interest Become Bank


01-Feb-2024 (In Civil Law)
I have lots of loan burden and now i am not in condition to pay my loan. Even hardly I am surviving with my family. And I am government employee. Can I file in court for bankruptcy?
Answers (3)

Answer #1
609 votes
if you are working as a goverment employee it means you are earning on per month. in case of bankrupt you can not earn means your earning sources is zero. but you are goverment employee means you are earning something means you can pay in installments
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Advocate Deepak Singh

Adv. Deepak Singh

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Answer #2
796 votes
in every case you have to defand your self and shows your incapablety to pay loan court will give you time.... bss ek baat ka dhyan rkhna agar koi case apke against file hota hai toh usko attend jrur krna court will listen your side or agar aap bhagte hai toh apka nuksan hoga... contact us for free legal advice
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Advocate Ankush Chaudhary

Adv. Ankush Chaudhary

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Answer #3
709 votes
you cannot file the bankruptcy because you are a govt employee. So it is better that do not file the bankruptcy in any court else the matter will get complicated. it is much better to take injunction from the court and try to negotiate with the bank
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