During the last decades, restructuring has been the only option for thousands of companies in our country. The reasons are numerous: Maybe it is necessary to take action against high costs, the low efficiency has become a problem, or something has to be done to increase the productivity of the company with few workers. However, […]

Read More →

Question.  How many companies do you know that want to go bankrupt?  Zero.  Not a single company gets started with the thought that they will not succeed and have to declare bankruptcy.  A business gets off the ground because an entrepreneur thinks he or she has the next great idea to be successful.  However, there […]

Read More →

Trial lawyers can feel a bit strange within a bankruptcy court due to all the terms, procedures, practices and timings that differ widely from the traditional civil litigation. In order to get a hold of these types of courts lawyers must first truly understand the Bankruptcy Code and Federal Rules of Bankruptcy Procedure, and it […]

Read More →

Wikipedia defines bankruptcy as “a legal status of a person or other entity that cannot repay the debts it owes to creditors”. Depending on the situation, the status of bankruptcy can be imposed by court order or declared by the debtor. The primary purpose of bankruptcy is to allow the individual or company to shed […]

Read More →