Bankruptcy law Archives

Law firms for Bankruptcy law in Chennai, Tamil Nadu, India

In modern days, there is a trend in the increasing number of fraudulent bankruptcy. A variety of new bankruptcy laws have now been incorporated into the bankruptcy code. Bankruptcy law has always been a complex one, and now, with the entry of new laws, the complexity has increased to a large extent only.

Plan to file for Bankruptcy case

Do you have a plan to file for bankruptcy, or if you are a creditor and are concerned about the money, you have provided, it is important for you to be aware of the major changes that have been brought by the bankruptcy law new. To start with, you should note that the new bankruptcy laws have come into effect. Following are some of the major changes:

Passing Means Test Is Required For Debtors

Because, the debtor has caused the majority of fraudulent bankruptcy; new bankruptcy law, in fact, trying to keep the creditors. Now, it is a problem of the past, when the debtor has the freedom to choose the type of bankruptcy they wanted to file a petition for the court. New bankruptcy laws have now been made mandatory for the debtor, to pass a means test before filing for bankruptcy.

Means test is a procedure in which the resources provided from the income of the debtor are considered. You are expected to evaluate total income and expenditure. Now, you have to reduce costs, and see how much money is left to you, upon completion of all necessary expenses.

Is this amount sufficient to pay the monthly installment of debt you owe? If money is left to you very little, and far less than the average income of the country, you can qualify for bankruptcy. On the other hand, if this amount is greater than the average income of the country, the available options are going to file for bankruptcy or go for an alternative to bankruptcy.

Credit counseling

Bankruptcy law new also has made it mandatory for the debtors to go through credit counseling services that are approved by the government. The aim is to ensure that no bankruptcy alternatives are available to you. A credit counselor will review your financial situation and the amount of debt you owe to various creditors. If the credit counselors found that debt consolidation services may bring a solution for you, you will not be able to file for bankruptcy. In this case, a bankruptcy petition will be rejected and the bankruptcy court will ask you to pay the debt through debt consolidation services.

Debentureholder Disputes: Trusted Legal Support for Bondholder Grievances

9 minutes of reading

In today’s financial world, many investors look for stable and predictable returns. As a result, debentures and bonds have become popular investment options. However, things do not always go as planned. Sometimes, companies fail to meet their obligations, and this leads to disputes between debentureholder and issuing companies. In such situations, having reliable legal support

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Regulatory Approvals and Filings: Premier Advocacy for Compliance Matters

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Regulatory Approvals and Filings – In today’s fast-changing business world, companies operate under strict regulatory frameworks. Every industry, whether it is manufacturing, technology, healthcare, finance, real estate, or e-commerce, must comply with government rules and mandatory filings. These rules help maintain transparency, safety, accountability, and smooth business operations. However, the process of obtaining regulatory approvals

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Exiting the STPI Scheme: Managing Liabilities and Legal Dispute Risks

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Exiting the Software Technology Parks of India (STPI) scheme is an important milestone for many technology companies. While joining the scheme often feels simple and exciting, leaving it can be complicated. This is because an exit involves financial liabilities, compliance procedures, and a strong possibility of legal disputes if the process is not handled carefully.

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Address IP ownership conflicts, data privacy risks, and drafting dispute-proof collaboration agreements

7 minutes of reading

In today’s fast-moving world, businesses depend heavily on innovation, data, and strong partnerships. Whether you run a startup, a creative studio, a tech company, or a global enterprise, the way you manage intellectual property (IP), protect data, and form collaboration agreements directly influences your success. Yet, many organizations face disputes simply because small details were

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Protecting Intellectual Property in STPI Collaborations: Legal Strategies for Tech Firms

9 minutes of reading

In today’s fast-paced digital economy, technology firms are at the heart of innovation. Many of these companies in India thrive under the Software Technology Parks of India (STPI) scheme — a government initiative designed to support tech-driven exports and foster global competitiveness. However, while STPI collaborations offer immense growth opportunities, they also bring a critical

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Compare dispute resolution mechanisms for vendor agreements, export commitments, and IP licensing

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In the global business world, disputes are almost inevitable. Whether it’s a disagreement between a vendor and a supplier, a conflict over export obligations, or a clash involving intellectual property (IP) licensing, every issue requires a clear and effective way to resolve differences. The method chosen to resolve disputes can greatly influence time, cost, and

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Contractual Disputes in STPI Units: Arbitration vs. Litigation for Tech Partnerships

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In the fast-paced world of technology and innovation, Software Technology Parks of India (STPI) units have become a crucial part of the country’s digital ecosystem. These units play a major role in driving exports, promoting innovation, and supporting start-ups and tech giants alike. However, as tech collaborations expand, so do the chances of contractual disputes.

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How the Special Valuation Branch (SVB) Impacts Transfer Pricing and Import Valuation – Legal Helpline

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In international trade, the relationship between importers and foreign suppliers often goes beyond mere business transactions. When both parties are related, questions about the correctness of import value naturally arise. The Indian Customs Department, through the Special Valuation Branch (SVB), ensures that the declared value of imported goods reflects the true transaction value. This process

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