Assessing Your Eligibility for Filing Insolvency
We start with an honest, comprehensive assessment of your actual financial situation, determining whether you actually meet insolvency filing requirements under the Bankruptcy Law, or whether other paths are more suitable, such as direct renegotiation with creditors.
Preparing the Insolvency Application Before the Judicial Body
We help you prepare an organized, complete insolvency application, clarifying debt size, creditors, and available assets, to submit before the competent judicial body in the best possible form increasing acceptance chances.
Statutory Protection From Individual Creditor Pursuit
Once the insolvency application is accepted, you gain statutory protection limiting individual creditors' ability to pursue you separately, stopping the chaos resulting from multiple, simultaneous claims.
The Organized Repayment Plan
We help you prepare a realistic repayment plan extending over a reasonable period, balancing your actual repayment capacity with creditors' legitimate rights, instead of an immediate financial obligation exceeding your capabilities.
Representation Before Creditors During Proceedings
We represent you in negotiating with creditors during insolvency proceedings, ensuring fair treatment and protection from individual escalation attempts exceeding this procedure's organized framework.
Asset Liquidation as a Last Resort
When a repayment plan isn't realistic given debt size, we help you assess the option of asset liquidation under judicial supervision, ensuring fair distribution to creditors per the statutory priority order.
Protecting Essential Assets From Liquidation
The law protects certain essential assets from liquidation, such as the family's sole residence within certain limits, and we help you understand this protection and fully benefit from it during insolvency proceedings.
Exiting Insolvency Proceedings and Rebuilding Your Financial Standing
After completing the repayment plan or liquidation, we help you understand how to formally exit insolvency proceedings and gradually rebuild your financial and credit standing.
The Difference Between Individual Insolvency and Business Bankruptcy
We clarify to clients that individual insolvency procedures differ from commercial business bankruptcy procedures in requirements and available protections; an individual has special considerations related to subsistence limits and basic housing that don't apply the same way to commercial entities.
Insolvency's Effect on Your Long-Term Credit Record
We clarify to clients that entering insolvency proceedings leaves a mark on the credit record for a certain period, something that must be weighed when comparing this option against direct creditor negotiation, especially for anyone planning future real estate or commercial financing.
How We Start With You
Send us your current financial situation details and the debts you're facing on WhatsApp. We assess your position with complete candor and help you choose the most suitable path for your legal protection.
Frequently Asked Questions
Does filing for insolvency immediately stop creditor pursuit?
Once the application is accepted, the debtor gains statutory protection that limits individual enforcement actions while the case is pending.
What happens to my assets during insolvency proceedings?
Assets are managed under a repayment plan or liquidation under judicial supervision, and we outline the best option for your situation.
Will I lose my home if I enter insolvency proceedings?
The law protects certain essential assets like the family residence within certain limits, and we help you precisely understand this protection's scope.
My debts are very large and I don't think a repayment plan would be realistic. What are my options?
We help you assess the option of asset liquidation under judicial supervision as an alternative, ensuring fair distribution to creditors.
How do I rebuild my financial standing after exiting insolvency proceedings?
We help you understand how to formally exit these proceedings and steps to gradually rebuild your financial and credit standing.
One creditor is trying to pursue me individually despite my insolvency application being accepted. What do I do?
We help you represent yourself before this creditor to remind them of the acquired statutory protection, preventing individual escalation exceeding the organized procedure's framework.
I own a sole proprietorship burdened with debt. Do I follow individual insolvency or business bankruptcy procedures?
It depends on your activity's legal form, and we help you determine the correct path and the fundamental differences between the two procedures.
Does insolvency affect my ability to obtain financing in the future?
Yes, it leaves a mark on the credit record for a certain period, and we help you weigh this impact against the benefits of the statutory protection it provides.