When insolvency firms and the formation of large debt, there is only one way out - bankruptcy.After the recent global crisis, the practice has shown that the modern Russian businessman has only a superficial knowledge about the procedure.In this regard, legal support of bankruptcy is of particular relevance today.
The law clearly stated the process, but a competent lawyer or a consulting firm to help come up with a good advantage, no matter how difficult it was no bankruptcy.Legal services in this area are provided in the full spectrum of today's market, but it should be remembered that the price and prestige of the company does not always play a decisive role.
is important to note that the support of the bankruptcy proceedings can be of several types: complex, accounting, legal.Implementation of the whole procedure can take place both at the request of the debtor, the creditor, as well as other interested persons.
must also be said of the five major stages.Legal support of bankruptcy always starts and should be in accordance with the following schedule:
1) Observation - a procedure that starts after the initiation of the arbitration case, it applies to the debtor.The aim is to ensure the safety of property, financial analysis, preparation of the register of creditors and the holding of the first meeting.
2) The financial recovery - is used to restore the solvency of the debtor, and the repayment of debt.It should be noted that the legal support of bankruptcy at this stage includes the following step.
3) External control - control of the firm passed into the hands of the bankruptcy trustee, whose goal is to maximize the repayment of debts.That is why the external management, and financial health are so closely related and in fact turn out to be one.
4) Bankruptcy proceedings - is the last step in the whole procedure.This step is aimed at the equal satisfaction of creditors' claims.
5) Settlement Agreement - considered a separate element and can occur in any of these four stages.Legal support of bankruptcy often leads it to the world.The procedure shall be suspended when the debtor-creditor agreement appears to resolve the issue.
According to the scientific definition of bankruptcy - a combination and sequence of steps prescribed in the Federal Law "On Insolvency (Bankruptcy)".It should be noted that the legal support of bankruptcy allows you to find the possibility of using special procedures, which can not only reduce the total time of the whole process, but also get rid of some stages.In any case, the bankruptcy - a complex process that has many nuances and subtleties depending on the nature of your business.Legal support of bankruptcy today has almost every law firm, so save time and money by turning to professionals.
