The risk of payment default can never be eliminated in a business environment, and bankruptcy is a very negative economic experience for both the debtor and their creditors.
In this case legal services can be employed both when recovering receivables from an insolvent debtor and whilst conducting its effective bankruptcy or reorganisation.
Another frequent issue is the discharging of debt or “personal bankruptcy” of non-business entities which are unable to pay their liabilities. Debt consolidation is often the solution in such a situation.
Within insolvency law, we focus particularly on the following areas:
- preparation of insolvency petitions linked with a petition for declaration of bankruptcy, petition to permit reorganisation or petition to permit discharging of debt
- preparation of all acts and submissions in the course of insolvency proceedings
- representation of creditors and debtors in insolvency proceedings
- application of receivables to insolvency proceedings
- incidental disputes