These are the statutory routes for dealing with financial distress: reorganization to keep the business running and pay creditors under an approved plan, or liquidation where continuing is not viable. The law provides temporary protection from creditor action during the process, which makes timing decisive.
Assessing the financial position and identifying the right route before full default · Filing for financial reorganization and preparing the plan · Representing creditors in proving debts and voting on the plan · Representing the debtor before the bankruptcy trustee and the court · Preventive settlement procedures · Actions to claw back transactions harmful to creditors.
Preventive settlement · Financial reorganization · Liquidation · Preventive settlement for small enterprises · Proving creditor debts and their ranking · Objecting to a reorganization plan · Security and mortgage disputes within the process · Director liability on insolvency.
Before you stop paying, not after: a debtor who moves early retains the reorganization option, while one who waits may end up in liquidation. If you are a creditor, you need a lawyer as soon as you learn proceedings have opened against your debtor, so your debt is filed in time.
The Commercial Court hears bankruptcy proceedings of all types, supervised by an appointed bankruptcy trustee. For claims outside a bankruptcy process, see debt collection and financial claims.
We start with a clear picture of assets, liabilities and security, because the choice of route depends on it: reorganization requires a viable business and a plan creditors will accept. If you are a creditor, we focus on the classification and ranking of your debt, because that is what actually determines your recovery.
Timing is everything here: temporary protection is not granted retrospectively, and a debt not proved on time can lose its ranking. We work to the deadlines, with fair and competitive fees set by the size of the file.
Not necessarily. Financial reorganization and preventive settlement are both aimed at keeping the business running while rescheduling payment to creditors; liquidation is the last resort.
The law provides temporary protection from certain actions while the process runs, giving the debtor room to implement the plan.
File your debt and supporting documents within the prescribed period, because delay can affect your ranking and your right to vote on the plan.
In specific circumstances set out in the law, particularly where transactions harmful to creditors or serious breaches are established.
Send us your case details on WhatsApp and we will set out the right route and the expected fees before any commitment.
