Bankruptcy is a legal process by which individuals or business entities who are unable to repay the debts incurred by them can seek relief from their creditors. The bankruptcy law of India is the Insolvency and Bankruptcy Code 2016. It seeks to consolidate the current laws by creating a single insolvency and bankruptcy law. The code was introduced in the parliament in November 2015 and passed by both the houses of the parliament in August 2016.
Bankruptcy Lawyers in India
In the last two decades or so, there has been a steady increase in the number of cases filed under the bankruptcy law. As a result, the demand for Insolvency and bankruptcy law lawyer have also grown manifold. There are a lot of consumer bankruptcy lawyers an…
Read the full article at: https://thriveglobal.com/stories/how-to-find-and-choose-a-good-bankruptcy-lawyer/