Bankruptcy

• Analysis of the different alternatives available to the Companyin order to evaluate the feasibility and implications of the request for bankruptcy, analyzing the possibility of proposing an early agreement or reaching an ordinary agreement with the creditors.
• Advice on the presentation and negotiation of the restructuring plan.
• Assists in negotiations with suppliers and customers.
• Analysis of the personal risks of the company's directors and partners.The analysis of the personal risks of the company's directors and partners, of other companies of the group, of the partners' patrimonial companies and of the liability of the directors.
• Analysis and review of the consequences of an insolvency proceedingfor both the company and the administrators
• Financial study of the different possible scenarios possible scenarios of "write-offs and deferrals and other alternatives" that could be considered in order to reach the agreement.

• Processing of the request for competition.
  •  Preparation of documentation to be submitted to the courts. Among others:
  • Memoryto be enclosed with the application forapplication for voluntary bankruptcy.
  • Inventory and list of assets and rights of the Company ..
  • List of creditors and debtorsof the Company.
  • Report of significant changes in equity since the last annual accounts were prepared and filed, and of transactions which, by their nature, purpose and amount, exceed the debtor's ordinarysince the last annual accounts were prepared and filed, and of the transactions which, due to their nature, purpose and amount, exceed the debtor's ordinary course of business.

• Representation and defense of the insolvent company during all phases of the procedure, combining the objectives of continuity, satisfaction of creditors and absence of economic responsibility of administrators, partners and directors. Thus: 
  • Coordination and dialogue with the insolvencyadministration and creditors.
  • Preparation and negotiation ofagreement proposals and follow-up for their compliance.
  • Renegotiation of contracts or agreementswith the Company's main creditors, suppliers and customers.
  • Control of the corporate liquidation 
    • Defenseof the administrators, partners and directors in the qualification of the insolvency proceeding.

Theinsolvency of a customer or other debtorcan have very detrimental effects for the Company. In order to minimize the risks and damages, it is important to adopt preventive measures and to monitor the insolvency proceedings for the best defense of the credit. In this sense, our actions include, among others: 

• Request fornecessary insolvencyof the debtor
• Communication ofcredit and VAT deduction.
• Monitoring of credit recognition and its effects
• Analysis of theand control of the payment plan.