Bankruptcy

First you need to approach the Bank for getting the laon instalments re-scheduled otherwise Bank may initiate proceeding for Recovery. Bankruptcy proceedings cannot be filed unless some court decree some proceedings and declare you penny less. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

Dear Sir, Yes, you can file under the relevant provisions of Act. Please give me rank after viewing my details. Please call me for further assistance.

You may settle with your case. You can also file a lawsuit for injunction against collection agents if they illegally force you to pay by adopting illegal threats etc. You are earning well and need not to go for bankruptcy.

Hi, Yes, you may file for the bankruptcy under Chapter 7 of the code, however, attorney will perform a calculation called the means test to determine whether you qualify for relief. Although your employer might learn about your bankruptcy case, rest assured that in most situations your bankruptcy won't affect your current employment. However, it might prevent you from getting a job in private industry later. If you find this answer helpful, please rate us for the same.