► I have around ₹1 crore in unsecured debt due to trading losses. This is about 10x my annual income, and I am unable to repay.
I am currently facing harassment from recovery agents, including threats and pressure on my family.
I want to explore legal options under the Insolvency and Bankruptcy Code for individuals. I need guidance on:
1. Whether I qualify for personal insolvency
2. How to file and which court (DRT) applies in my case
3. Whether filing can immediately stop recovery harassment
4. What documents are required
5. Estimated cost and timeline
6. Whether settlement before insolvency is a better option
I am looking for a practical solution to protect my family and legally resolve my debts.
After this I am mentally not ok and did took some loan from NBFC last month also which is also lost in trading
Now there is no way to come out for me
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