Bankruptcy & judicial reorganisation
When your business is under financial pressure, you need clarity about the options available and the steps you can take. Restructuring, protective measures or judicial reorganisation can offer time and breathing space.
By understanding your choices and obligations, you can adopt an approach that is both realistic and defensible. This helps you maintain control and increases the likelihood of recovery or a structured restart.
Recognizable situations
Situations you recognize, answers that help you move forward.
When your business faces financial difficulties, it is your duty as a director to act in time. You must take appropriate measures and, if necessary, consider bankruptcy or judicial reorganisation. Failure to act may lead to personal liability.
Assess whether restructuring, creditor agreements or amicable settlement are feasible. Timely legal advice guides you towards the right decisions and limits further damage.
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Judicial reorganisation provides companies in difficulty with temporary protection against creditors. It offers time to restructure, renegotiate debts or reach a court-supervised agreement.
You must demonstrate that your business is viable and capable of presenting a realistic recovery plan. The procedure is complex, and professional guidance is essential to increase your chances of success.
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A bankruptcy procedure begins with a filing at the business court, either by yourself or by a creditor. A court-appointed trustee takes over management, inventories debts and liquidates assets. As a director, you must cooperate fully.
The trustee also investigates potential mistakes or irregularities. Proper accounting and transparent collaboration lower the risk of personal liability.
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Other moments within Succession & sale
These topics will help you think, plan and grow further
Other moments within Succession & sale
These topics will help you think, plan and grow further
Are you facing a key legal moment?
We assess your situation together and guide you through the decisions that safeguard the future of your business.