Declaring insolvency or bankruptcy

Querist : Anonymous (Querist) 10 January 2024 This query is : Resolved
Can I file bankruptcy i have to much to repay and no income left it is better for me to declare bankruptcy otherwise things will kille can I file bankruptcy i levs in huf property what will happen to it

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T. Kalaiselvan, Advocate (Expert) 13 January 2024
You can decide about filing the insolvency petition depending on the prevailing situation at your end.
The HUF property has nothing to do with this when you are yet to receive your share in it.

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