14:{"metadata":[["$","title","0",{"children":"Bankruptcy - Fibe (Formerly EarlySalary) "}],["$","meta","1",{"name":"description","content":"Fibe website"}],["$","meta","2",{"name":"robots","content":"index, follow, max-video-preview:-1, max-image-preview:large, max-snippet:-1"}],["$","meta","3",{"name":"facebook-domain-verification","content":"x1jys55du9q7hw5ztn347vr7xluhyz"}],["$","meta","4",{"name":"og:url","content":"https://altcont.fibe.in/encyclopedia/bankruptcy/"}],["$","meta","5",{"name":"og:type","content":"website"}],["$","meta","6",{"name":"og:title","content":"Bankruptcy"}],["$","meta","7",{"name":"og:description","content":"

Bankruptcy or insolvency refers to a situation when a person or company is unable to repay debt. In India, the procedures related to this are listed under the Insolvency and Bankruptcy Code, 2016. During insolvency, a person can sell their assets to repay dues to creditors or lenders. To apply for bankruptcy, you will have …

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