With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Code.

With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Codethe insolvency of natural persons. While the government deserves a pat on the back for taking up the archaic law of personal insolvency for reform, a deeper and wider thinking is required for its implementation.

Insolvency of natural persons is complex as it is intertwined with social, political and cultural issues. It is dif…

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