Bankruptcy

Nov 09, 2025 188 views 2 answers
Bankruptcy Law
Anonymous
Nov 09, 2025
Bankruptcy Law
► Sir, My bank debt is higher than my income, I failed to repay my loans , lenders filed lawsuit, so can I request for bankruptcy
188 views
2 answers

2 Answers

Nov 13, 2025

Your inability to repay loan which now mounted to be higher is not a sufficient ground for bankruptcy. Your request for bankruptcy is not sufficient. 

Nov 13, 2025

Hello, 

 

Yes, You can file for Voluntary Bankruptcy. 

For more details you can contact me through OLQ.

Log in as a legal professional to answer this question.