Bankruptcy of legal entities
Bankruptcy of legal entities is a specific and complex procedure. It provides multiple opportunities, but it can also result in serious losses if misused
The bankruptcy procedure can be used:
- by debtors who find themselves in a difficult situation and are forced to apply for legal protection
- by creditors who wish to recover debts
Bankruptcy can become both an effective tool for improving business or recovering debts and lead to significant consequences, including criminal prosecution of the debtor’s beneficiaries and managers and foreclosure on their property.
Bankruptcy can be used by unfaithful debtors to abandon their obligations and avoid liability or by unfaithful creditors to take over the business.
You may be opposed in your bankruptcy proceedings by specialized companies that use established legal and legitimate methods, in which case special knowledge and qualifications are required to get protected against them.
Bankruptcy is a formalized and long-term procedure. The price of an error in this procedure is high, thus experience is important.
- first of all it is our experience, and also our knowledge of practical schemes and methods used in bankruptcy procedures
- a strategic approach: our experience allows us to select the most effective strategy for achieving your goals, anticipate consequences, factor in all possible actions of opponents and effectively counter them
- a complex approach: coordination of actions of lawyers, receivers, appraisers, attorneys and law enforcement bodies
- a situational approach: our ability to think flexibly, apply non-standard solutions and be proactive