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According to the definition given in the “Act of Bankruptcy” bankruptcy is a declared by Arbitrage inability of the debtor to satisfy all bill of debt requirements and/or ability to meet commitments on making all compulsory payments.
Bankruptcy is a long and complex process. The main parties, participating in any bankruptcy, are: debtor, its creditors and a bankruptcy commissioner. Economic interests of mentioned parties are different and often collide. Business Consulting actions while bankruptcy are held in order to protect client’s interests in a specific legal relationship, that is regulated by the “Act of Bankruptcy”.
Business Consulting, while protecting client’s interests in the course of bankruptcy, offer the following services:
…1. Invocation of bankruptcy;
…2. Change of ineffective bankruptcy commissioner, constituted in the course of already brought procedures;
…3. Return ready assets of the bankrupted debtor by admission of nullity of assets’ withdrawal;
…4. Return of ready assets of the bankrupted debtor by purchasing these assets during the procedure of bankruptcy;
…5. Making arrangements for reorganization in order to restore the debtor. This includes:
…- management change in the company-debtor;
…- owner change in the company-debtor;
…- optimization of the assets’ structure of the company-debtor;
…- minimization of the external liabilities of the company-debtor.
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