The bankruptcy mechanism is combined and ambiguous both with legal, and with economic the points of view, therefore on pages of our site we will try to acquaint you with the basic representations about this institute of civil law.
The bankrupt is the enterprise, money resources and which property it is not enough for repayment of all its debts. Concerning such enterprise court bankruptcy procedure can be entered. Result of consideration in business court about bankruptcy can be:
· enterprise liquidation;
· change of the proprietor of the enterprise;
· enterprise sale, as property complex;
· the agreement of lawsuit with creditors (the discount from debts);
· "recover" of the enterprise and continuation of its activity from "blank leaf".
Irrespective of the results set forth above, the proprietor of the enterprise receives following results at bankruptcy:
· the report on results of the financial analysis of activity of the enterprise for the last period with conclusions about the reasons of occurrence of a problem situation;
· the full and independent report on results of inventory of actives and enterprise passives;
· the list of all possible variants of the decision of a problem situation with the enterprise.
Than procedure of bankruptcy is interesting to the debtor?
· possibility to extinguish creditor debts with essential discount;
· possibility to replace administration; possibility to "clear" the enterprise from doubtful debts;
· possibility to avoid the criminal liability for malicious evasion from creditor debts, and also for deliberate bankruptcy;
· possibility to liquidate the enterprise with debts in the unique lawful way.
Than procedure of bankruptcy is interesting to the creditor?
· frequently bankruptcy procedure is unique possibility of collecting of the debt from the "dying" enterprise;
· possibility to get the enterprise-debtor under the price, below the market; possibility lawfully to write off enterprise-debtor debts, as impossible to collecting;
· possibility to enter at the enterprise-debtor the management.
Our company offers you:
· full support of procedures of bankruptcy at any stage, on any party (on the party of the debtor, on the party of the creditor);
· granting of our regular arbitration managing directors.
Our rich positive experience of participation in bankruptcy procedures will help you to solve the questions connected with bankruptcy, at high professional level.