Has your business partner entered insolvency proceedings, or is your company unable to pay debts as they fall due? We review the financial position and procedural documents to identify the available legal steps.
Has your business partner entered insolvency proceedings, or is your company unable to pay debts as they fall due? We review the financial position and procedural documents to identify the available legal steps.
We assess the company’s obligations and options in light of its actual difficulties, distinguishing a temporary cash-flow shortage from other situations. We review the documents received, the application to open proceedings and measures that may be discussed with the insolvency practitioner. A lawyer provides legal advice and representation; the judicial administrator or liquidator has a separate role.
Opening insolvency proceedings does not mean that a company is immediately struck off the register or that reorganisation is guaranteed. The outcome depends on the legal requirements, the company’s business and the case documents. A commercial company’s position must not be assessed under the special rules applicable to local administrative authorities.
Prepare contracts, invoices, evidence of delivery or services, statements and payment records, judgments, security documents and the notice received. If proceedings exist, provide the case number, the opening judgment, the list of claims and relevant notices in the Insolvency Proceedings Bulletin (BPI). For a company, recent accounts, a list of debts and asset records are also useful.
Do not assume that a further notice will extend the deadline. We promptly check the judgment and published documents.
No. Any claim to establish personal liability requires a separate assessment of the facts, legal requirements and evidence.
No. Recovery depends, among other things, on the available assets, the priority of the claim and the course of the proceedings.
Constantin Andor was admitted to the Bar in 2000 and established the law office in 2007. Services and fees are agreed in a legal services agreement after reviewing the circumstances and documents. The office collaborates with other lawyers and experts according to the needs of the case. We do not guarantee a particular outcome.
Call: 0732.710.701 · Contact us on WhatsApp · Request a consultation. Mention any approaching deadline. Confidential documents should be sent using the method agreed with the law office.