Insolvency law

/Insolvency law
Insolvency law 2017-03-10T12:05:49+00:00

Insolvency law regulates bankruptcy or imminent bankruptcy in order to satisfy a maximum number of creditors. Creditor satisfaction is reached in several ways, including bankruptcy, reorganisation, or discharge from debts.

Do you have several creditors and are unable to fulfil all financial obligations to them?

Are you filling for personal bankruptcy?

Are you an agent or an executive of a company and hold information about excess debt?

Are you a creditor wanting to be included in insolvency settlement?

Have you not received your salary and the employer has become insolvent?

Has your property been unjustly pronounced a debtor’s property?

 

Our team includes an official receiver. This guarantees all of our lawyers hold extensive experience in this field of law, and quality service for you.

In the event that you cannot fulfil your financial obligations or need a legal counsel for distraint of debtor, by using our services you can try to file for insolvency. It could provide a way out of a difficult situation.

If you represent a statutory authority, it is your legal obligation to file for insolvency if you have information about imminent bankruptcy. If you do otherwise, you might be liable for the company’s financial obligations, and may be suspended from the position for  up to 3 years, in addition to other penalties.

If the debtor does not cooperate, if it is likely he or she favours other creditors, or prepares to transfer property, it is recommended to seek legal counsel before filing. If the insolvency suit is not filed properly and the court does not grant it, there is a risk of a counter suit for damages.

If your property is unjustly included, you can protect yourself with a severance of action suit. Our lawyers will help you file it and can represent you in court.