To approach the restructuring or closing down process of a company in a state of insolvency, where the company must decide on its feasibility or the board members protect their own liability as managers, is always a complex project from a legal perspective, which requires a strong planning and strict legal leadership. The fact that several actors play a role during its development, financial creditors, public entities, employees, trade creditors, together with the intervention and control of other judiciary bodies force companies are forced to hire teams of experienced lawyers, financial experts and project managers. We can guarantee the success of our proposed course of action thanks to the joint forces of those multidisciplinary teams.
Vaciero Lawyers’ Bankruptcy Area can provide expert advice in different areas:
Declaration of bankruptcy to reach an agreement with creditors
Our multidisciplinary team is ready to help you to prepare and request a declaration of bankruptcy in order to reach a debt relief agreement or an arrangement with creditors:
Refinancing agreement under the umbrella of Bankruptcy Law 5bis
Company insolvency resolution implies, on many occasions, reaching refinancing agreements with your creditors, outside the bankruptcy proceedings. These agreements, which are also regulated by the Bankruptcy Law, require quick and accurate actions where management time reveals as the key to success while the “pre-bankruptcy” acts as a shield.
Our team of experts in Company insolvency will lead you to reach of these solutions:
Declaration of Bankruptcy for liquidation and business closing
Our multidisciplinary team is qualified to help you during the preparation and request of the declaration of bankruptcy in order to achieve a proper closing of the business, avoiding conflicts with creditors and minimizing the liability of administrators:
Purchase of assets and productive units of companies in declaration of Bankruptcy
The purchase of companies or company assets in declaration of bankruptcy with little feasibility may be regarded as a solution to continue business together with third parties. Competitors or new investors may purchase companies undergoing difficult moments taking advantage of a favourable purchasing structure.
Our broad experience in bankruptcy and in-depth knowledge of what rules an insolvency liquidation makes it possible: