The entire world has been doing business with borrowed money for a long time. Therefore it often happens that the company’s management either overestimates its ability to repay the loan, or neglects the flows of borrowed money and existing debts, and eventually puts the company, or itself as a business partner – in the eyes of others, in a financially difficult situation. In such a situation, it is necessary to urgently take all necessary measures to save the financially “sick” company and return it to the market game, and if it is not already possible, find the best solution for the debtor-company or the creditor-company (depending on which side our office is acting for).

Our lawyers represented both debtor-companies and creditor-companies, so their very diverse experience is a form of guarantee to clients that they will receive a satisfying answer to any question regarding debt restructuring, bankruptcy, or liquidation. Here, we grouped all those legal services that legal and natural persons can count on if they find themselves in a difficult financial situation, or are creditors of their insolvent business partner:

• taking measures within the company (proposing changes to general acts, status changes, sale of property, reorganization of the network of companies and branches, or closing down unprofitable organizational units, reducing the number of employees due to economic or organizational changes through redundancy);
• support in redefining relations with business partners (out-of-court and consensual financial restructuring, establishment of additional collateral, etc.);
• drafting and submitting initial acts for the purpose of initiating liquidation or bankruptcy proceedings and preparing all necessary acts (decisions, reports, balance sheets, statements) in cooperation with the client’s economic advisers in the voluntary liquidation procedure;
• representation of clients in liquidation (voluntary or compulsory) and bankruptcy proceedings (both in adoption of the reorganization plan and in the sale of assets of the bankruptcy debtor or the bankruptcy debtor itself as a legal entity); representing the interests of the client-creditor on the board of creditors and submitting objections, appeals, urgencies and petitions against the decisions and acts of the bankruptcy judge and the bankruptcy officer;
• drafting of due diligence reports for the purposes of drafting (a pre-prepared) reorganization plan, or purchase of bankruptcy debtor as a legal entity, and the preparation (of pre-prepared) reorganization plan with accompanying documentation;
• preparation of the report of claims in the bankruptcy procedure in the name and on behalf of bankruptcy and secured creditors;
• preparation of exclusion requests and lawsuits in the name and on behalf of creditors with an exclusion right;
• drawing up and submitting all other acts, as well as taking all necessary actions, aimed at preserving the value of bankruptcy debtor’s property, or protecting the interests of bankruptcy creditors.