Asset protection

Due to the current difficult economic situation in the country, one of the main tasks of many enterprises is to preserve their own assets during the crisis. Taking into account the actual collapse of the banking system, the collapse of the national currency, the business faced the question of the absence of a real opportunity to comply with the terms of loan agreements.

Lending institutions in this situation do not always meet borrowers halfway. In many such cases, the pledged assets of enterprises are sold to credit institutions for next to nothing. At the same time, the main problem – debt repayment remains unresolved, since the price of the sold collateral property, as a rule, is much lower than its real value. Thus, economic entities not only lose their own assets, but also retain accounts payable to credit institutions.

Bankruptcy Procedure

In this situation, entering the bankruptcy procedure makes it possible to establish control over the pledged assets, legally postpone or stop their sale, and exercise control over their sale. It should be noted that the Decision of the Economic Court on the initiation of bankruptcy proceedings establishes a moratorium on satisfaction of creditors’ claims. For the duration of the moratorium, penalties and penalties are not charged, including under loan agreements. The moratorium is valid throughout the bankruptcy procedure (the duration of the procedure can actually be more than 1 year). This allows you to legally win the time needed to restore the solvency of the enterprise, improve the economic situation in the country. The specialists of our Agency will provide qualified assistance in restoring the solvency of the debtor enterprise, in preserving assets, and, if necessary, will assist in establishing control over their implementation.