Bankruptcy

Comprehensive legal support for bankruptcy proceedings

The unstable economic situation in the country and the world, the inability to meet their obligations leads legal entities and individuals to the need to conduct bankruptcy proceedings, which is why legal services in bankruptcy are traditionally in demand.

Legal services in bankruptcy proceedings

As part of this practice, we provide services in various bankruptcy proceedings:

1. observation, which is a procedure applied to the debtor in order to ensure the safety of his property, analyze the financial condition of the debtor, compile a register of creditors' claims and hold the first meeting of creditors;
2. financial recovery is a procedure applied to the debtor in order to restore his solvency and repay the debt in accordance with the debt repayment schedule;
3. external management is a procedure applied to the debtor in order to restore his solvency;
4. bankruptcy proceedings are a procedure applied to a debtor declared bankrupt in order to proportionately satisfy the claims of creditors;
5. settlement agreement is implemented at any stage of the bankruptcy case consideration in order to terminate the bankruptcy proceedings by reaching an agreement between the debtor and creditors.

When considering a bankruptcy case of an individual, including an individual entrepreneur:

1. restructuring of the citizen's debts, which is a rehabilitation procedure applied to the citizen in order to restore his solvency and pay off debts to creditors in accordance with the debt restructuring plan;
2. sale of the citizen's property is a rehabilitation procedure applied to a citizen declared bankrupt in order to proportionately satisfy the claims of creditors and release the citizen from debts;
3. settlement agreement.

Analysis of the situation and development of a strategy for working with debtors

To initiate the bankruptcy procedure, it is necessary to analyze the current situation of the company making the decision to initiate the bankruptcy procedure or an individual, including assessing the financial capabilities, the availability of property, clarifying the lists of debtors and creditors, identifying unpaid monetary obligations, etc. After analyzing the current situation in the company, a strategy for working with the company's debtors is developed.

As a rule, the choice of strategy when conducting bankruptcy proceedings depends on various indicators, for example, the general state of affairs, the ability to pay off obligations to creditors, the availability of funds and property to pay off obligations, etc.

Bankruptcy support

The bankruptcy procedure implies the implementation of legally significant actions that allow the company to recognize its insolvency, identify opportunities to pay off obligations and liquidate the company with minimal losses.

As a rule, when creating a business project, company owners rarely think about the possible need to conduct a bankruptcy procedure, and therefore, often, the company does not have specialists with the special knowledge and experience necessary to support the bankruptcy procedure, and therefore, in the event of the need to recognize the insolvency of the company, they involve lawyers specializing in the bankruptcy of companies and organizations.

The need for the participation of lawyers with experience and knowledge in the field of insolvency is due to narrowly focused knowledge and specific work experience. This allows the company to carry out the bankruptcy procedure with minimal losses and reduce the risk of further liability of the founders for the organization’s obligations.

Bankruptcy lawyers

It is important to note that bankruptcy proceedings are accompanied by various legally significant actions, for the performance of which it is necessary to have special knowledge and experience, in connection with which, most companies that decide to conduct bankruptcy proceedings or creditors of bankrupt companies involve qualified specialists to participate in the bankruptcy procedure.

A bankruptcy lawyer helps a company that has decided on insolvency to conduct the bankruptcy procedure in compliance with the norms and rules established by law, reduce possible adverse risks associated with bankruptcy, the liability of founders, and collect the maximum possible debts from debtors.

Legal services

1. Consultation on bankruptcy procedures
2. Development of a strategy for the bankruptcy procedure
3. Preparation of documents for the bankruptcy of companies and individuals, including individual entrepreneurs
4. Support for the bankruptcy procedure and representation of the interests of the debtor, creditor
5. Comprehensive bankruptcy support