Insolvency

Can Mr. X be declare insolvent as he is no debt to pay for any creditors but he has to pay some amount to Income Tax & Sales Tax . He has taken property on loan in the name of firm ,perosnal bonds and some insurance policies ,stock in godown he has not mainted any proper Accounts and wants to start a new life and just want create a new life

 

Please suggest me


 

Replies (1)

Good morning............
Welcome to this forum.....
thank you for information.........
Have a nice day......
Thank you for sharing with us.....
regards ,
phe9oxis.
https://www.guidebuddha.com
 

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