Insolvency law – bankruptcy and compulsory settlement
Legal entities are terminated on the basis of a shareholders’ consent, the law, authorities’ decision or its internal act.
Regularly companies are terminated by a special liquidation process. When such a liquidation process is not possible, companies are terminated by a bankruptcy process.
The main difference between them is that in the first one all the obligations towards the creditors are settled while in the second one this is not the case.
Liquidation
Legal consultation in the field of termination by a liquidation process includes legal advise on the process itself, decisions, legal implications and economic implications.
Legal consultation also includes supporting and informing the authorities whenever needed, filling out official forms, help with the legal documents which are prepared according to the client’s needs etc.
Personal bankruptcy, bankruptcy, compulsory settlement
For the preparation of documents we cooperate with outside experts (insolvency managers, accountants).
Bankruptcy law regulates procedures, status, rights and obligations of the participants in bankruptcy proceedings. Consultation in the field of bankruptcy law includes client advising, preparation of legal documents, legal research, legal studies and other services according to the client’s needs.
Consultation is also given in the area of contestability of legal acts of the debtor, management liability, supervisory board liability and the shareholders liability. For a full range of services, we suggest that you visit our office together with the relevant documentation and questions.
In cases of personal bankruptcies we prepare necessary documentation and explain the course of a bankruptcy procedure - the procedure of personal bankruptcy. A lawyer will also advise you with respect to the case law in the area of personal bankruptcy. Whenever necessary, a lawyer will also attract contractual advisors - accountants and insolvency practitioners.
Check also:
Administrative law
Child Abduction
Commercial law
Contract law
Copyright law
Criminal law
Debt Collection Procedure
Debt Collection Procedure
Enforcement Law
Family law
Foreigner's rights
Inheritance law
Insolvency law
Labour disputes
Legalization and Apostille
Mediation
Misdemeanor law
Non-litigious procedure
Property law
Public procurement
Social security law
Status of NGO
Tax law
Tort law
Trademark law