Insolvency and Reconstruction

Facing insolvency can be overwhelming and stressful, but with the right legal support, even the most challenging situations can lead to positive outcomes.

At TVC Law Firm, we are dedicated to guiding both individuals and businesses through financial difficulties, ensuring clarity, confidence, and the best possible solution for your unique situation.

Whether you are an individual or a company, financial distress can feel hopeless. Our experienced team ensures you receive the necessary advice to avoid common pitfalls and make informed decisions. We also focus on efficient debt collection to limit losses and provide guidance on how to avoid unnecessary write-downs of receivables.

OUR ADVICE INCLUDES

Compositions with Creditors

A composition with creditors can be a valuable solution when a business has healthy core activities but is unable to finance ongoing operations.

Debt Restructuring and Arrangements with Creditors

Sometimes, individuals find themselves in such severe financial difficulty that repaying creditors seems impossible. In such situations, it is possible to apply for debt restructuring, which involves a compulsory write-down of the debt to creditors.

Debt Collection

Effective, consistent debt collection focusing on the fast recovery of receivables and on minimizing the costs of recovery is crucial.

Bankruptcy

Bankruptcy typically affects companies that are unable to pay their creditors as payables fall due.

Bankruptcy Quarantine

The overall purpose of disqualification is to prevent abuse of bankruptcy and to combat the so-called “phoenix syndrome”.

Reconstruction and Debt Restructuring

Companies in crisis often face difficult decisions about financing and operations. Swift action and a clear plan are essential to maintain control and maximize options.