Personal Bankruptcy in India
When debt becomes truly insurmountable, the law provides a path for insolvency under the Insolvency and Bankruptcy Code (IBC).
- Legal Protection: It stops all recovery actions and legal cases against you while the court decides.
- The Reset: Your assets are liquidated to pay creditors, and you are legally discharged from the remaining debt.
- The Cost: This is a complete financial reset. You lose your assets, and your credit reputation is destroyed for a long time.
Watch this video to learn when “Insolvency” is the right—and only—choice for survival.