Debt collection involving debtor’s liquidation

Liquidation of a legal entity, in theory, is quite a simple procedure. However, some peculiarities of this procedure and statutory consequences of liquidation decisions are oftentimes used by debtors in bad faith. Thus, in order to evade paying debt, debtors would oftentimes pass a resolution on liquidation and then resume business activities again. Liquidators would delay replies to creditors’ demands and would ‘hinder’ creditors from entering the register. 

REVERA’s lawyers will render assistance in protecting creditors’ interests in situations involving debtor’s good or bad liquidation:

• Collecting debt from debtor being wound-up;
• Consulting on procedures/consequences of rendering a liquidation resolution;
• Representation of creditors in debtor’s liquidation procedures;
• Challenging liquidator’s unfair acts;
• Initiating a bankruptcy proceeding against a debtor being wound-up.

* Representation of interests in court is carried out by independent attorneys.