Hello All,
Few years back needed some urgent money so I borrowed money(70,000 Rs) from lenders at 22% per month against blank cheque.
I was unable to back the money with such a high rate of interest, I again borrowed money from other lender, again with blank cheque to pay back my previous loan.
As result I ran into a debt trap.
Now have nothing left to pay back the money.
I want to declare myself Bankrupt.
Now my question is how it will effect my children's and wife properties and assets ?(They had no role / co sign in the friendly loans that I borrowed)
Kindly pls guide me what should I do.
Thanks
