Challenges and requirements
When a business gets into financial difficulty, it creates uncertainty, not only for the business itself and the owners of the business, but also for suppliers, employees and other creditors. If the reconstruction of the business is not feasible, it is important that the winding up of the business occurs as soon and as quickly as possible, and with all the involved parties experiencing the least loss possible.
How we can help
We have extensive experience with bankruptcy and insolvency issues and can therefore administer estates in bankruptcy of all sizes and within all industries. We ensure that the estate's assets are realised in the best possible manner, either through the entire sale of the financially well-functioning part of the business, or at the highest attainable price.
Moreover, we ensure, through an extensive investigation, that any transactions made at an undervalue, preferences given to suppliers, customers or financial institutions or any unlawful charges to property which occurred in the period prior to the bankruptcy, are challenged before the courts and revert to the estate for distribution to all creditors. Finally, we endeavour to inconvenience creditors as little as possible during the winding up process.
| Our advice encompasses, among others: |
|
|
|
|
|
- Effective implementation and speedy conclusion of the administration of an estate
|