Commercial insolvency proceedings permit individuals and business entities facing financial difficulties, either to negotiate with creditors the partial payment of their claims or orderly sell the company’s assets, as required by law.
It is our view that the above information may assist our clients in these difficult times.
The practice group offers the following services in this area, among others, advising on:
- Entering into and performing commercial transactions with companies subject to bankruptcy proceedings.
- Recognition, determination of grade and priority of credits.
- Separation of assets in bankruptcy proceedings.
- Preparation, approval and execution of bankruptcy agreements.
- Sale and acquisition of assets of bankrupt companies.
- Recognition and enforcement of guarantees.
