Unable To Pay Bank Loan

You can't declare bankrupt, when u own a property.. if u declare as insolvent then it will only facilitate the bank to recover..

Approach the Bank Manager and nice with him. second is to engage a lawyer in DRT and get status quo order. Thirdly go to the HC and get a stay order.

This is my response to you: 1. If you declare bankruptcy then the bank will attach your properties as it is; 2. They will take possession of all your movables and immovables; 3. Therefore engage services of a lawyer and take legal steps.