Our specialists can assist you in any phase of a bankruptcy – before, during and after. Our lawyers regularly serve as administrators in bankruptcy proceedings for clients including Brema Air II, Taxi Timmermans, De Tovertuin daycare centre, Maastricht Airlines, as well as for various foundations, commercial enterprises, and hotels and restaurants/cafés.
The run-up to a bankruptcy is typically a period of great uncertainty for all parties, with questions such as: Are there any options left for avoiding bankruptcy, perhaps by restructuring the business? Is there any risk of directors’ and officers’ liability? When should employees and creditors be informed?
What is required of the director and major shareholder? Or, if you are the creditor of company in difficulty, what can you do to safeguard your own position?
Yet other questions come into play after a bankruptcy ruling. You may be interested in restarting a company or making a bid on the remaining assets. Disputes may arise with banks regarding the enforcement of security interests. Or you may wish to verify the tenability of the views of the administrator.
Answering these questions calls for legal problem-solving ability and, more especially, practical insight. You can rely on us to provide fast and targeted advice.