Bankruptcy law and law of redress

The loss of financial liquidity by entrepreneurs makes it impossible to continue business operations. The legal effects of the long-term existence of such a situation, in the form of cessation of prompt settlement of obligations, result in a declaration of bankruptcy. However, their legal significance is evident not only as regards the entity which declares bankruptcy, but also for the business partners of such an entity. In each of the above instances it is necessary to organise a reaction that is both rapid and consistent with the relevant legal provisions. The Law Firms's practical experience allows us to provide legal assistance as regards bankruptcy and redress proceedings, and in particular our employees:

  • Represent the creditor at successive stages: debt reporting, elaboration of the debt list, division plan, and - as required - in contacts with the receiver and the bankruptcy court
  • Monitor the bankruptcy proceedings on an on-going basis, also as regards obligations entrusted to the receiver
  • Represent the Customer in any possible disputes, including the negotiating of settlement agreements - also in the course of court proceedings
  • Provide comprehensive legal services for entrepreneurs undergoing composition proceedings, including as regards claims made against them by way of liabilities covered by the composition agreement and those remaining outside thereof