Liquidation, stabilization, bankruptcy

Our law firm has highly qualified lawyers with many years of experience in the field of liquidation, stabilization and bankruptcy. A member of our team is included in the list of persons who can be appointed as trustees in bankruptcy proceedings.

Liquidation

Our goal is to help you start, grow and expand your business. However, when you have decided to terminate one endeavor and move on to another, we can fully assist you in preparing all the necessary documents and in carrying out all the necessary actions related to the liquidation. We perform:

  • legal advice on all matters related to the liquidation and distribution of property;

  • preparation of all necessary documents and their submission to the Commercial Register;

  • providing protection to the creditors of a company in liquidation proceedings, etc.

Stabilization

The purpose of stabilizing a trader is to prevent the opening of insolvency proceedings by reaching an agreement between the trader and his creditors on how to perform his obligations. The purpose of the proceedings is to preserve the business and the activity, without opening insolvency proceedings.

Stabilization proceedings may be opened for a trader who is not insolvent but is in imminent danger of insolvency.

In this area we perform:

  • legal advice to the debtor and creditors on all matters relating to the stabilization proceedings;

  • preparation of all necessary documents for initiating stabilization proceedings and procedural representation in the proceedings;

  • protection of the debtor and the creditors in the stabilization proceedings;

  • consultations and communication in connection with the trustee in the stabilization proceedings;

  • consultations and preparation of a stabilization plan;

  • consultations in connection with the implementation of the stabilization and communication plan with the supervisory body, etc.

Bankruptcy

Bankruptcy proceedings are opened for a trader who is insolvent.

In addition to insolvency, insolvency proceedings are also opened in case of over-indebtedness of a limited liability company, joint-stock company or limited partnership with shares.

In connection with insolvency proceedings, we offer:

  • legal advice to the debtor and creditors on all matters relating to insolvency proceedings;

  • preparation of all necessary documents for initiating insolvency proceedings and procedural representation in the proceedings;

  • preliminary precautionary measures;

  • protection of the debtor and the creditors in the insolvency proceedings;

  • consultations and communication with the trustee in bankruptcy proceedings;

  • participation in the meetings of the creditors, submission of requests for annulment of the decisions of the meetings of the creditors by the court;

  • filing receivables, contesting the lists of accepted or non-accepted receivables, filing claims establishing the existence of an unaccepted receivable or establishing the non-existence of an accepted receivable and procedural representation in the proceedings before all court instances;

  • consultations in connection with the possibilities for rehabilitation of the enterprise, preparation of a recovery plan;

  • consultations in connection with the implementation of the recovery plan and communication with the supervisory authority;

  • filing claims for filling the bankruptcy estate and procedural representation in the proceedings before all courts;

  • consultations in connection with the liquidation of the property, objections against the distribution account, appeal against the court ruling;

  • out-of-court settlement agreement;

  • consultations, preparation of all necessary documents and procedural representation in the proceedings for restoration of the debtor's rights, etc.

We approach individually and take into account the specifics of each individual case in order to offer you the most suitable solution for you and your business.