Best Bankruptcy & Debt Lawyers in India

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S&S Legal Associates

S&S Legal Associates

Kolkata, India

Founded in 2023
2 people in their team
S&S Legal Associates, a Legal Firm based in Kolkata, founded by two young but experienced Advocates, Somdipta Dutta Choudhury & Md. Samim...
Bengali
English
Hindi
Corporate Legal Partners

Corporate Legal Partners

New Delhi, India

Founded in 2014
50 people in their team
AboutWe are flexible, receptive and responsive to the needs of our Indian as well as International clients. Our experienced lawyers focus on all...
Hindi
English
M/S KVSB Advocates

M/S KVSB Advocates

Hyderabad, India

Founded in 2003
10 people in their team
We at M/s.KVSB Advocates are not only concerned with the quality of services but also care for our approach, value, commitment and behaviors...
Telugu
English
Hindi
Advocate Radha Raman Roy

Advocate Radha Raman Roy

Patna, India

Free Consultation: 15 mins


Founded in 1987
10 people in their team
Advocate Radha Raman Roy, the best lawyer in Patna, is renowned for his over 35 years of experience in criminal, divorce, property, matrimonial,...
English
Hindi
RAJENDRA Law Office LLP

RAJENDRA Law Office LLP

Chennai, India

Free Consultation: 15 mins


Founded in 2010
25 people in their team
"Rajendra Law Office LLP" is a legal firm committed to providing comprehensive and effective legal solutions. With a focus on professionalism and...
Telugu
Tamil
English
Hindi
Malayalam
Nava.Legal

Nava.Legal

Mumbai, India

Free Consultation: 15 mins


Founded in 2011
20 people in their team
Nava.Legal underwent a significant transformation in 2021, transitioning from a proprietary concern to a partnership firm. This change marked a...
English
Hindi
Marathi (Marāṭhī)
Mishra & Associates Law Firm

Mishra & Associates Law Firm

Lucknow, India

Free Consultation: 30 mins


Founded in 2012
6 people in their team
Mishra & Associates is a reputed Law Firm from decades. With our team of expert legal professionals, we provide Legal Services like Civil,...
English
Hindi
Shrivastava & Kesarwani Law Associates

Shrivastava & Kesarwani Law Associates

Jabalpur, India

Founded in 2023
Shrivastava & Kesarwani Law Associates is a full-service law firm headquartered in Jabalpur, India, with associate offices in New Delhi, Prayagraj...
English
Fox & Mandal

Fox & Mandal

Kolkata, India

Founded in 1896
200 people in their team
Founded in 1896 by John Kerr Fox and Gokul Chandra Mandal, Fox & Mandal (F&M) is one of India’s oldest law firms. We have remained...
Hindi
English
Oberoi Law Chambers

Oberoi Law Chambers

Chandigarh, India

Free Consultation: 15 mins


Founded in 2008
15 people in their team
The Firm was founded in the year 2008, with the motto – “JUSTICE FOR ALL” . Oberoi Law Chamber’s is shielded by Advocate Gagan Oberoi having...
English
Hindi
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About Bankruptcy & Debt Law in India:

Bankruptcy & Debt law in India deals with legal issues related to insolvency, bankruptcy, and debt recovery. It provides a framework for individuals and businesses to manage their financial obligations and seek relief in case of financial distress.

Why You May Need a Lawyer:

You may need a lawyer in situations such as filing for bankruptcy, negotiating with creditors, defending against debt collection lawsuits, or seeking legal advice on debt restructuring options. A lawyer can help you understand your rights, navigate the legal process, and protect your interests.

Local Laws Overview:

In India, the Insolvency and Bankruptcy Code (IBC) governs bankruptcy and insolvency proceedings for individuals and businesses. The Debt Recovery Tribunals (DRTs) handle debt recovery cases, while the National Company Law Tribunal (NCLT) deals with corporate insolvency matters.

Frequently Asked Questions:

1. What is bankruptcy?

Bankruptcy is a legal process that allows individuals or businesses to eliminate or restructure their debts under the supervision of a court.

2. How does bankruptcy affect my credit score?

Bankruptcy can have a significant negative impact on your credit score, making it harder to obtain credit in the future.

3. What are the different types of bankruptcy in India?

The two main types of bankruptcy in India are personal bankruptcy (under the IBC) and corporate bankruptcy (under the Companies Act).

4. Can I file for bankruptcy on my own?

While it is possible to file for bankruptcy without a lawyer, it is highly recommended to seek legal advice to ensure the process is done correctly and to protect your rights.

5. What are my rights as a debtor in India?

Debtors in India have certain rights, including the right to dispute debts, seek debt restructuring, and file for bankruptcy if needed.

6. How long does the bankruptcy process take in India?

The bankruptcy process in India can vary in length depending on the complexity of the case, but it typically takes several months to several years to complete.

7. Can creditors seize my assets in bankruptcy?

Creditors may be able to seize certain assets in bankruptcy to satisfy outstanding debts, but there are exemptions and protections in place to safeguard essential property.

8. What are the alternatives to bankruptcy in India?

Some alternatives to bankruptcy in India include debt restructuring, debt settlement, and informal arrangements with creditors.

9. What is the role of a bankruptcy lawyer in India?

A bankruptcy lawyer can help you navigate the legal process, protect your rights, negotiate with creditors, and represent you in court proceedings.

10. How can I find a reputable bankruptcy lawyer in India?

You can find a reputable bankruptcy lawyer in India by asking for recommendations, researching online, and scheduling consultations with potential lawyers to discuss your case.

Additional Resources:

Some additional resources for individuals seeking legal advice on Bankruptcy & Debt in India include the National Company Law Tribunal (NCLT), Debt Recovery Tribunals (DRTs), and the Insolvency and Bankruptcy Board of India (IBBI).

Next Steps:

If you are facing financial difficulties or need legal advice on Bankruptcy & Debt in India, it is important to consult with a qualified lawyer who specializes in this area of law. They can assess your situation, explain your options, and guide you through the legal process to help you achieve a favorable outcome.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.