Reorganisation proceedings

The reorganisation procedure is intended as an alternative to the bankruptcy procedure, through which it is possible to avoid the liquidation of the company (bankruptcy), to continue the activities of the company and thereby satisfy the claims of creditors to a greater extent, to preserve jobs, etc. Reorganisation of a company is the implementation of a set of measures to overcome the company’s financial difficulties, restore its liquidity, improve profitability and ensure sustainable management.

Bankruptcy proceedings

Bankruptcy is the declaration of insolvency of a debtor by a court. Both natural and legal persons can file for bankruptcy. According to the Bankruptcy Act, the basis for declaring a debtor bankrupt is an unsatisfied claim: at least 12,500 euros in the case of a public limited company, 2,500 euros in the case of a limited liability company, 1000 euros in the case of other legal entities and natural persons.

Depending on the client’s needs and wishes, we offer the following services:

  • Advice and initial legal analysis of documents

  • Assistance in negotiation and conflict resolution

  • Concentration of creditors in order to create a strong voting position in the proceedings, this service minimises the costs of each creditor in bankruptcy or reorganization proceedings

  • Finding out the circumstances of a malicious bankruptcy, analysis or the possibilities of recovery

  • Preparation of possible claims for damages against responsible persons

  • Contestation of fictitious claims submitted to the bankruptcy estate

  • Representation of creditors in all proceedings related to bankruptcy or reorganization proceedings (participation in the general meeting of creditors, the panel, etc.)

  • Analysis of the reorganisation plan and representation of the creditor in the reorganization proceedings