Legal Question in Bankruptcy in India
after declare insolvent, has he have to pay goverment liabilities or not?
Asked on 2/09/10, 1:15 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
The insolvent may be required to pay all his liabilities out of the income earned during 12 years; the payments to be made by the insolvent are to be determined by the court.
Answered on 2/09/10, 5:03 am
Related Questions & Answers
-
What is the process for filing a suit for insolvency? Asked 1/27/10, 10:27 pm in India Bankruptcy Law
-
I have a house loan of 10lac of which the installment is 10,000 per month. For last... Asked 1/17/10, 1:41 am in India Bankruptcy Law
-
What is the procedure of filing bankruptcy. And who can file the bankrupt. Asked 1/13/10, 1:45 am in India Bankruptcy Law
-
I am 31 yrs of age and married male from New Delhi, India. Hi have 3 personal loans... Asked 11/23/09, 5:13 am in India Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
