Navigating Individual Insolvency Under the Insolvency and Bankruptcy Code (IBC)

Ancoraa Resolution03 Nov, 2023Finance

Individual insolvency under IBC is a crucial legal framework that provides relief and a fresh start for individuals burdened by unmanageable debt. It offers a structured and time-bound resolution process, ensuring fairness for both debtors and creditors. However, there are challenges in its implementation, including a lack of awareness and complexities in the legal procedures.