Insolvent proceedings, bankruptcy proceedings, liquidation

In case of a ultimate state at a development of a company, wchich advances insolvent proceedings, bankruptcy proceedings or company liquidation, we offer a professional consultancy related to the mentioned affairs. We are pleased to odvise you when making a decision whether or not to start an Insolvent proceedings, we work up a complete concept of Insolvent proceeding and forward to a relevant court. We together identify lenders including the certifications of their claims, odvise you about how to make an accountant stock-taking, eventually assets stock-taking, claims capitalization, documentation of the personal assets and immovable assets including evaluating of an eventual gain. For those companies which discontinue the activities (companies established for concrete purpose, companies set up for definite time etc.) or in case that companies are unable to carry their business any longer we offer a complete company liquidation. We start from preparation of all neccesary documents till a company erasure from a Commercial register.

A company liquidation began to occur very uniquely since 1990. A company liquidation for corporations in compliance with Section §68 and by other of the Commercial Code, for a state enterprises in compliance with Section §15 and §22 act No. 111-/90 Sb. and in compliance with a new act No. 77/97 Coll. for a state enterprise but also in the hitherto actual assignments of Economic code is a company liquidation determined to be one of the main forms of winding up of the company and a company bankruptcy.

A holder of a company concludes to a company liquidation mainly for the reason that his corporation is not able to cover company costs from its own economic result, fulfil obligations or in case that company misses a perspective business activity. Nevertheless, the holder or management has already chosen a possibility of a company revitalization then a prompt company liguidation prevents debts in exxcess and a company collapse.

For preparation of a company liquidation is necessary to assemble a liquidating plan on the strength of it we determine a liquidating strategy, which helps to identify an arrangement of active capital and liabilities of the company. It also includes a stocktaking of a tangible property and intangible property, classification and registration of claims and liabilities, including a presurmise of a liquidating result.