Bankruptcy and liquidation, as well as ways of company termination are an integral part of our work engagement. Bankruptcy law is designed with the aim to solve problems with company business and creditors’ payments, and it is realised by a reorganization or bankruptcy. Bearing in mind that the goal of bankruptcy represents the best collective payment of debt to creditors by the realisation of greatest possible value of the debtor-in- possession, the representation of the company that was subject to bankruptcy or the representation of creditors, demands a very professional and responsible approach.
Liquidation represents a regular way of termination of business entities with full payment of debt to creditors of the company, and is implemented when the company has sufficient funds to meet obligations, but there are other reasons for the termination of the company.
