We have a wide experience in insolvency proceedings both acting for the firm in distress or its creditors. Thus we can advise our clients towards the best available solution according to our legislation.
Sometimes some entrepreneurs are unaware of the true meaning and effects of a company’s creditor contest. Out of ignorance they tend to think that “putting the company in competition” must be the last option, when often, the contest is the best way to overcoming the problem.
We must assess and study the advantages and disadvantages in each case. It is vitally important to carry it out as soon as possible, in order to prevent the company from going bankrupt and it is already very difficult to save it.