Restructuring and insolvency is an integral part of the corporate world. Every company, no matter how successful, should consider the effects of key suppliers or business partners going bankrupt and assess the potential adverse impact on its business. As a result, every important commercial transaction needs to be evaluated in advance as to what would happen in an insolvency.
If one of your business partners goes bankrupt, the success of your claims will largely depend on your ability to properly evaluate the situation. You will need to move quickly to negotiate with the debtor, take the right steps and coordinate these with other creditors. A proactive creditor is more likely to be a successful creditor.
Alternately, if it is your company that becomes insolvent, taking proper and timely steps could ensure that it remains operational while minimalizing the risk to its management and owners.
We have seen many cases of missed chances because creditors or debtors were inefficient in making their claims or hesitant when choosing how to deal with insolvency. Insolvency proceedings are strictly regulated, highly complex and often emotionally difficult. As a result, it is essential to have strong and experienced legal representation to help you navigate the situation.
Our team consist of experienced professionals who have represented debtors and creditors in hundreds of insolvency proceedings. They know how to properly represent clients in complex disputes regarding the authenticity of claims, as well as how to effectively manage creditor committees and maximize the return from a bankrupt estate.