Positive outcomes may be achieved in insolvency situations, even if the starting point is often a difficult one.
Both individuals and companies can end up in financial situations that are so difficult that it may seem hopeless and impossible to find a way out.
We ensure that you receive the necessary advice and avoid the many pitfalls, permitting you to choose the solution which is right for you.
In addition, we ensure the efficient collection of receivables due so that any losses on bad debts are limited as much as possible. Also, we advise on how to move forward to avoid unnecessary write-downs of receivables.
A composition is a relevant solution when a business contains healthy parts, but for various reasons is unable to finance its own continued operations.
People sometimes end up in such dire financial straits that they are no longer able to pay their creditors. In such situations, it is possible to apply for debt restructuring, which involves a compulsory write-down of the debt to creditors.
Effective, consistent debt collection focusing on the fast recovery of receivables and on minimising the costs of recovery is crucial.
Bankruptcy typically affects companies that are unable to pay their creditors as payables fall due. This gives rise to uncertainty for the owners of the company, its employees and other partners, and it is therefore important to quickly find a solution.
The overall purpose of disqualification is to prevent abuse of bankruptcy and to combat the phoenix syndrome.
Companies sometimes experience crises in which it is difficult to finance operations in the short – and the slightly longer – term. It is important to take action swiftly and decide on a plan which will allow the company the greatest possible influence on the situation.