Insolvency law

Sometimes market situation is so bad that the best business organization won’t help. Sometimes one miscalculates. Sometimes false claims attack a company so heavily that it cannot sustain financially. This means that the company is insolvent. However, there is life after insolvency. A situation in which a company is burdened with debts and income, even if temporary, doesn’t cover expences requires specially careful and precise actions from the persons responsible. Law regulations require particular actions and penalize violations of these requirements with administrative fines, personal liability and in severe cases with custody. We are aware of legal requirements for such situations and would advise you to come to us as early as possible. This applies for private insolvency as well as company insolvency.