Insolvency proceedings begin when an individual or an organisation are no longer able to meet their financial obligations or foresee that they will not be able to regularly and timely comply with their financial obligations.
Insolvency proceedings are intended to find the best solution to meet obligations as debts become due, either by attempting a creditors agreement or, if this is not possible, by liquidating the debtor’s assets. This process takes place by means of court proceedings and the appointment of an administrative receiver.
Having an insolvency lawyer with through knowledge of current legislation allows you to better protect your interests either as a creditor or as a debtor. Based on the options and room for manoeuvre offered by the Insolvency Act, the aim is to find the most appropriate solution to protect your rights and reduce the impact of these situations.
Clarity and transparency are essential to designing the right strategy.
Full legal assistance at all stages of insolvency proceedings
Assessment of possible alternatives to avoid insolvency.
Design of a strategy adapted to the needs of each specific case.
Resolution of disputes arising from insolvency proceedings.
ADVICE AND MANAGEMENT
You will have specialised advice at all stages of the process, including the pre-insolvency phase to try to reach agreements with creditors, during the actual course of the insolvency proceedings and the defence of the debtor or the creditor in the insolvency pleading.
● Advice on negotiating with creditors and the pre-insolvency phase
● Submitting the application for insolvency
● Legal assistance and management of all the phases of insolvency proceedings for debtors and creditors
● Challenge and acknowledgement of debt
● Preliminary questions of insolvency
● Assistance in the insolvency pleading phase
In the blog you will find the latest news about insolvency proceedings, advice on negotiating with creditors and suitable strategies to address this situation. Do not miss it!
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