Insolvency.

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Insolvency

Insolvency occurs when a trader or a company is not capable to pay their monetary obligations due that originate from their business activity.

The law firm provides:

Ø legal representation of a creditor/debtor in taking actions for opening insolvency proceedings.

Ø Legal assistance in drawing-up objections, a request for the admission of taking protective measures and/or a restructuring plan in filing with the court of a motion for opening an insolvency procedure.

Ø Legal assistance in preparation/participation in the meeting of the creditors specified by the court.

Ø Challenging the court rulings rejecting the motion for opening an insolvency procedure and/or the court rulings on the opening or termination of the insolvency procedure.

Ø Legal support of the activity of a trustee in bankruptcy upon ongoing insolvency procedure.

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