Services of bankruptcy trustee

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Some enterprises, which used their resources incorrectly and irrationally, ended up in bankruptcy. In case of bankruptcy proceedings, the law provides for the collection of all debts from the debtor, primarily to employees and state authorities, which is very difficult for professionals who do not have sufficient experience in this area.

The institute of arbitration managers is designed to help conduct the bankruptcy procedure as comfortably as possible for the participants and within the law. Independent insolvency administrator is a subject of professional activity, appointed by the decision of the economic court to manage the property of the bankrupt enterprise. He is selected by means of an automated system from the list of insolvency administrators presented in the unified register. Independent insolvency practitioner Ukraine does not belong to the subjects of entrepreneurial activity, as the subjects who received the relevant certificate and included in the Unified State Register of arbitration managers assigned the status of subjects of independent professional activity (by analogy with law offices).

The cost of services of an insolvency administrator depends on:

• the level of complexity of the bankruptcy procedure being conducted;
• the list and volume of services rendered
• the amount of the debtor's property;
• the presence of pledges, property seizures, prohibitions on its alienation, as well as the amount of debt and the number of debtors and creditors.

The cost of the service is determined individually for each business entity and includes the following services:

• prompt consultation of a specialist;
  preparation of documents required for bankruptcy proceedings;
  permanent notary support for the entire bankruptcy period;
  payment of state duties, fees and charges;
  carrying out work on the management of the property of the enterprise during the application of bankruptcy proceedings.

Who needs the services of an insolvency practitioner?

Professional services of a bankruptcy trustee is extremely necessary:

enterprises and companies that have accumulated large debts to the state budget and their own contractors;
creditors wishing to recover debts from a bankrupt company;
debtors and creditors wishing to conclude a settlement agreement.

Advantages:

• determined automatically, independent of either party bankruptcy trustee conducting the bankruptcy in accordance with the procedure and within the time limits established by law;
• complete safety of the assets of the enterprise;
• settlements with creditors in accordance with the priority established by law;
• professional support and provision of advice for the entire period of bankruptcy.

The result you will get:

• qualitative and fast passage of the bankruptcy procedure;
• full settlement within the framework of the financial resources received from the sale of property with all creditors;
• professional collection of debts from debtors;
• all unpaid debts will receive the status of extinguished (in the liquidation of the enterprise);
• installment of debts or postponement of their payment (at the conclusion of a settlement agreement);
• restoration of relative solvency of the bankrupt (in case of sanitation procedure);
• entering information into the Unified State Register on the termination of the company (in case of liquidation).

Why us?

What you get when you hand this matter to us:

• Turnkey, with no extra hassle for you. We take on the whole task: documents, filings, authorities, official queries. You make decisions and sign; we do the rest and contact you only when it matters.
• We see it through. Your matter will not get lost on the way: the same person stays on it even when the process takes months.
• A boutique, involved in every case. An experienced specialist handles your matter personally, backed by the group's 14 years of practice in 50+ countries. Non-standard matters are our field: where you have been told it cannot be done, we look for a lawful way.
• Confidentiality written into the contract. Information about you, your company and your deals stays between us; competitors and third parties will not get it. We disclose only what the law or the procedure requires.
• Faster and cleaner, first time. Full involvement and an individual approach to every matter keep things moving faster and cleaner. Fourteen years of practice let us get right the first time what takes some firms three attempts.
• Honest about what you do not need. If a company or a structure is not needed yet, we say so plainly, even when that means less work for us.

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