Insolvency petition by a govt employee

Govt servant borrowing recklessly and becoming insolvent may face issues of misconduct.

The affected employee may consult with service rules  in confidence, a very able counsel specializing in service matters. 

Suggest her to not to borrow till she gets her matter properly analysed.

iF  THE GIRL FILES iNSOLVENCY PETITION SHE WILL LOSE HER JOB TREATING RECKLESS BORROWING AS MISCONDUCT/. iNSTEAD YOU MEDATE SOME ELDERS AND YOUR CREDITORS COME TO AN ARANGEMENT AND TELL THE CREDITORS THAT !./3 RD OF HER SALARY  WOULD BE ATTACHED  LIKE A GARNISHEE ORDER IN COURT.i FYOUR CREDITORS APPROACH ACIVILCOURT ALSO TH COURT ATTACHES YOUR MONTHLY SALARY  TOWARDS PAYMENT OF YOUR DEBTS TO CREDITORS CALLED GARNISHEE ORDER. iF YOU APPROACH loK 'ADALAT I TWOULD BRING OUT THE SAME SETTLEMENT BETWEEN BOTH OF YOU THAT GIRL AND HER FATHER AND  THE CREDITORS, WHICH WILL BE DISPOSED OF WITHIN 1/2 AN HOUR TIME PERIOD.THROUGH MONTHLY INSTALMENTS YOUR DEBTS WOULD BE CLEARED.After obtaining a setlement betwen  th edebtors and creditors Lok Adalat would issue adecree which is equal to aivil court decree and binding on both the parties.If you appreciate this answer please give me all my profile likes.

Your friend daughter is not bankruptcy. So your brother  can file a petition for bankruptcy.  A bankruptcy is when a person voluntary declares himself as an insolvent and goes to the court. On declaring the person as ‘bankrupt’, the court is responsible to liquidate the personal property of the insolvent and distribute it among the creditors of the insolvent. This process is rather amicable which seeks to avoid the threatening calls and gestures of the creditors. It provides a fresh lease of life to the insolvent. However, declaration of personal bankruptcy also has its own disadvantages.

Bankruptsy has stigma attached to it.