Compositions with Creditors

A composition can be voluntary or take the form of a compulsory composition ordered by the bankruptcy court.

A voluntary composition is an agreement between the company and its creditors under which the creditors fully or partially remit debt or grant an extension of time for repaying the debt. 

A compulsory composition is a type of 'debt restructuring' for self-employed individuals and businesses that is obtained by commencement of reconstruction proceedings through the bankruptcy court.

We support you throughout the entire process:

• Conducting a thorough review of your financial situation
• Facilitating negotiations with creditors
• Drafting and finalizing agreements
• Advising on tax implications of voluntary arrangements

Our team has extensive experience in both voluntary and compulsory compositions, ensuring you have a clear strategy and the best possible outcome.