Bailout of a company

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An integral part of the bankruptcy procedure of a legal entity is rehabilitation. The rehabilitation of a business entity is understood as a set of measures aimed at restoring the solvency of a business entity, regardless of the organizational and legal form.

Also, sanation pursues the purpose of satisfying in full or in part the claims of creditors, to improve the financial position of the company.

The plan of financial rehabilitation should be drawn up competently, taking into account the specifics of the activities of the legal entity, the current situation, the requirements of current legislation.

If you want to get the best plan of financial rehabilitation of the company, which will prove its effectiveness in practice, contact the law firm Legal Solutions.

Types of rehabilitation

Financial rehabilitation can be of two types:

1. Reorganization of a legal entity. It is carried out by changing the status of a business entity and is used for business representatives with serious financial problems. 
2. Restoration of solvency, financial solvency. This option is optimal for business entities with the purpose of debt restructuring and improvement of financial position without further bankruptcy.

Grounds for financial rehabilitation

Sanitation of the enterprise can be carried out:

• by decision of the owner, meeting of founders without further recourse to the court to declare the firm bankrupt;
• by court decision (regardless of who applied to the court with an application - the owner of the company or creditors).

What we offer?

Legal Solutions is a team of professionals, one of the activities of which is the rehabilitation of enterprises.

We offer our clients:

• comprehensive analysis of the company's activities;
• identification of all kinds of risks;
• consultations on all issues related to the procedure of restoring the financial well-being of the legal entity;
• drawing up a plan of measures to restore solvency;
• coordination and approval of the plan by the founders, creditors;
• restructuring of debts;
• assistance in the realization of assets;
• involvement of an insolvency administrator;
• execution of necessary documents;
• representation of interests in competent, controlling authorities, court;
• legal support of procedural actions.

Thanks to the procedure of rehabilitation of the enterprise is a real opportunity to restore the solvency of the legal entity and in the future to carry out economic activity.

If the bankruptcy procedure has already been initiated, without a plan of rehabilitation measures can not do without, because it is a mandatory requirement provided by law.

The main advantages

Compared to the procedure of liquidation of the enterprise through bankruptcy, sanitation is more accessible and easy to execute. There are also other advantages:

• there is no need to conduct a tax audit;
• there is a real opportunity to improve the financial condition of the firm and continue economic activity.

Financial rehabilitation of a company does not write off debts to creditors, so they will have to be repaid. In order to implement the plan of rehabilitation measures, it is necessary to establish a creditors' committee and obtain its approval (at least 50% of votes).

We provide consulting and legal services in the field of commercial, civil, tax and corporate law.

Thanks to many years of successful experience, we are able to approach the problem comprehensively and find the optimal solution. Please contact us!

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