Insolvency and Bankruptcy

Do you want to know how you can avoid going bankrupt? There are several ways to do so.

Insolvency resolution process under IBC does two things: it works its way to provide a clean slate to the corporate debtor and it ensures that the creditors are paid in an expedited and fair fashion. However, the process itself can be quite difficult. Read this blog to know about it.

Once you have declared bankruptcy, and then either you or the creditor entity shall file a petition to resolve this insolvency.

IBC laws had to be changed to push India towards an economical renaissance. Therefore, Insolvency and bankruptcy code in India was introduced. It keeps the creditors’ well-being at the forefront of insolvency resolution process. At the same time, it provides resolution to bankrupt parties quickly and efficiently.

Whether you are about to go bankrupt or have gone bankrupt, a bankruptcy consultant can always help. Registrationwala is a team of business experts with access to the best bankruptcy consultants in India. So, contact our experts to pull yourself out of your bankrupt state.