Legal Question in Bankruptcy in India

Hello,
Sir, I am from india.
My father took a lot of loan from different banks for my brother's education. As ill luck would have it, my father was dismissed from service. so no longer he is unable to pay even the emis. we also sold everything that was left (car, home etc.) Neither he nor me or my brother has any movable or unmovable property. I am urging him to file for bankruptcy. Sadly lawyers, whom so ever we contact is not willing to take up the case. Now, a new arrest warrant came in for my father.I am also not earning enough to pay the emi. So sir please please kindly help. Please let me know in detail, how my father can apply for insolvency.

Asked on 2/20/12, 5:45 am

0 users found helpful

0 attorneys agreed

File civil suit and for more details u can contact m

Answered on 2/20/12, 5:53 am

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

0 users found helpful

0 attorneys agreed

insolvency may not absolve him from the criminal cases. better hire a lawyer to defend your father and cancel the NBWs issued against him.

Answered on 2/20/12, 9:50 pm

Keywords

Match Any Match All

Country

State

Area of Law