Restructuring and bankruptcy

Practices “Prokopyshyn and Partners” law firm

Restructuring and bankruptcy

When solvency of an enterprise deteriorates, the need to restructure business, re-distribute liabilities and investment capital, cease some types of activity often arises. Professional restructuring helps to overcome the default situation and recover solvency.

Our experts have the experience in debt restructuring considered in court, including the procedure of solvency recovery, as well as outside the court. We provide legal assistance to our clients on the stage of preparation for restructuring, elaboration of the plan to overcome insolvency, carrying out negotiations with creditors about reduction, suspension or deferment of liabilities, dealing with problem assets, preparation of the corresponding agreements and their further supervision.

The experts of the company also provide our clients with legal assistance of the cases connected with bankruptcy notwithstanding the production applied: general, special or simplified, as well as court procedure applicable to the debtor, category, kind of activity of the debtor and the creditor.

The main types of legal assistance provided by banking and finance law practice include the following:

  • analysis of financial condition of an enterprise and elaboration of the plan to overcome insolvency;
  • representation of client’s interests during negotiations with contractors about regulation of a problem debt;
  • legal supervision of creditor’s substitution in terms of liabilities by assigning the right to demand, legal succession etc;
  • exaction of a problem debt;
  • consulting about legal regulation of bankruptcy procedure and practice of solvency recovery;
  • completing the complete procedure of bankruptcy;
  • representation of client’s interests during bankruptcy cases in courts of all jurisdictions as well as tax and other monitoring bodies.