I Want To Apply For Bankruptcy For The Credit Card Due Of Around 20 Lakhs

Hi, Bankruptcy happens when your liability exceeds your assets. Even though you don't own any property, all your belongings will be taken and the bank will try to recover as much possible. Also, if you are declared bankrupt then your credit score will fall drastically. If you found this helpful do rate this answer.

It is not a simple process because the Bankruptcy law is so complicated that it cannot be put in motion. It is essential that some court must pass some decrees against you and your total assets must not exceed Rs one thousand including Your apparels, untnsils, and other belongings. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.