How to file for bankruptcy in India?

Let’s learn how to file for bankruptcy in India. The most accurate or helpful solution is served by ehow.com.

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How to File for Bankruptcy in India | eHow

How to File for Bankruptcy in India. Filing for bankruptcy in India means that one is not able to repay his debts and loans. It would be advisable to file for ...

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Is it possible to file for bankruptcy in india like the US?

Will that person get the same level pf protection from creditors like banks as a person does in the US?

Answer:

Not at all!

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Gopal V at Yahoo! Answers Mark as irrelevant Undo

Which is better on my credit rating? Bankruptcy, or negotating with creditors?

I've been laid-off 5 times in the last 7 years due to the economy (my jobs were usually sent to India) and it finally wiped out my finances, savings, retirement, etc. last year. My last layoff was in November of 2005 and I finally just got a new job...

Answer:

Explain what has happened with your creditors. Many will be willing to work with you as they will get...

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Gary D at Yahoo! Answers Mark as irrelevant Undo

In a community property state, if I file bankruptcy will my spouse be held liable for debts I acquired before the marriage?

I have heard conflicting information: in a community property state, if you file bankruptcy (not joint bankruptcy) is your spouse held liable for debt you acquired before the marriage? Let me say upfront that I have a consultation for filing bankruptcy...

Answer:

IANAL, IANYL. That said, your spouse will not be liable for your debts before the marriage. She may...

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anonymous at Ask.Metafilter.Com Mark as irrelevant Undo

Want to know if co-signer can file for bankruptcy as well?

I am planning on filing for bankruptcy but have two items I had a co-signer for? I have tried debt consolidation and 8months into it and having problems making the monthly payments. So now I am needing to file for bankruptcy but my auto loan and a personal...

Answer:

yes they should be able to qualify!!!!

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zoom_zoo... at Yahoo! Answers Mark as irrelevant Undo

Would you file for bankruptcy if you were $32K in debt & owed $800/mo to your creditors (repeat question)?

I owe a little over $800/month to my five creditors. I'm moving back home which will help me lower the $32K down. I start on Unemployment in May. In May I won't be able to pay my creditors at all because Unemployment doesn't pay enough. Even when I move...

Answer:

SumDude makes some really good points. My answer is HELL YES. Like, yesterday. Look, your credit is...

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Amber at Yahoo! Answers Mark as irrelevant Undo

If you rack up debt and file for bankruptcy immediately afterwards, can all the debt be discharged?

This is happening in the state of California. I gave someone of personal loan (in writing) of several thousand dollars. About two months later he declared bankruptcy. I heard that if you are taking out loans or making charges right up until you declare...

Answer:

When filing for bankruptcy, you must list all debt. Not all debt can be discharged in bankruptcy, but...

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LBGirl at Yahoo! Answers Mark as irrelevant Undo

Is it always a bad idea to file bankruptcy at an early age?

I'm 23 and thinking of filing bankruptcy. I have $16,000 + in debt - is this a bad idea? I'm worried about the effect this will have on my future. Even though I'm in a lot of debt, only some of it (less thank 1k) appears on my credit report, and I have...

Answer:

You are going straight from "trying to do this on my own" to "bankruptcy" without...

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Autumn at Ask.Metafilter.Com Mark as irrelevant Undo

What's the most amount of money you can have in your bank account and be able to file bankruptcy?

I have $13K in the bank, which I'm saving to pay my income taxes ($3,900) and saving for when I transition from State Disability to Unemployment in a couple of months (unless I get a job, that is). I'm also going to do a short sale on my house. I'm ...

Answer:

1) Find a better attorney. 2) HIRE THEM and do what they say. Attorneys are professionals and they are...

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Amber at Yahoo! Answers Mark as irrelevant Undo

Would you extend your disability so you could file bankruptcy?

A bankruptcy attorney told me I have to make $30,000 or less to file for bankruptcy. The only way that can happen is if I am on disability for four more months, as the field I'm in pays too much. If I extend my disability I'll lose my house for sure...

Answer:

You have a lot of issues here, but filing bankruptcy will not really help in the long run. Bankruptcy...

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Mary at Yahoo! Answers Mark as irrelevant Undo

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