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Post Tagged with: "Bankruptcy and Insolvency Rules 2016"

Shortcomings of the BJP’s Bankruptcy and Insolvency Rules 2016

Shortcomings of the BJP’s Bankruptcy and Insolvency Rules 2016

  The BJP’s new Bankruptcy and Insolvency Rules 2016 in India bluntly provide that individuals with debts over Rupees one thousand will lose their assets to a resolution professional if declared bankrupt or insolvent. The only excluded assets under fresh start rules are tools, books, vehicles and other equipment as are necessary to the debtor or bankrupt for his personal[Read More…]