Companies in dire straits must take measures, often with drastic financial and legal consequences. A suspension of payment or bankruptcy requires strategy, planning and communications to creditors, staff, banks and other stakeholders. In short: a far-reaching process in which your actions as a director or supervisor can be the subject of investigation.
We are at your side to prevent you from taking potentially wrong steps and to accompany you in a potential re-start or request for bankruptcy. We will check whether the legal relationships are well-documented and we’ll conduct negotiations with creditors and administrators.
What we do:
- Advising to prevent and to limit the risks of directors’ liability.
- Audits/investigations into the completeness of your contracts and dossiers.
- Creditor payment plans.
- Preparing and guiding the process of requests for bankruptcy.
- Investigating the legal possibilities of a restart.
- Negotiations with the administrator.
- Advice regarding liability claims.