Support of the bankruptcy procedure

Entrepreneurship is a very risky activity. The Russian legislation marks this activity as "independent, carried out at ones own risk activities, aimed at systematical profit from the use of property, sale of goods, works or services by persons registered as such in the manner prescribed by law."

There are many cases when the direction runs increased risks and this is highly lucrative. But at the same time there are many cases when this pattern is not justified. The company could suffer heavy losses as a result of financial mismanagement or assessment of negotiations with contractors.

If the company suffers losses during a long period of time and the dynamics of financial condition is not improving, it is very likely that the company would become a bankrupt and government agencies would be interested in checking its activities.

The specificity and complexity of the case category of insolvency (bankruptcy) appear in accordance with the legal form of the debtor, procedural status of the person involved in the bankruptcy case, time constraints, bankruptcy procedures, type and size of the debt, availability of the property from the debtor, nominated trustee, committed actions of auditors or government regulatory bodies.

Timely decisions on appeal of transactions for the disposal of the debtor's property, protection of the debtor's assets, including the illegal arrests and acts of third parties are very important in this category of cases.

Qualified lawyers of “PRAVO-EXPRESS” company provide services of support of the bankruptcy proceedings, help creditors to include requirements in the register of creditors' claims.

The definition of bankruptcy includes:

• Representation in  Arbitration Courts, at meeting of creditors, in government agencies;
• Assistance in settlement of the issues in this type of cases;
• Drafting and filing the necessary procedural and other documents to the Arbitration Court.

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