Our firm can help a company face up to difficult times, particularly before it reaches the point of insolvency, in order to protect the company by making the right choices, but also to protect the company’s directors from a possible extension of the proceedings to their personal assets.
Our firm can help you to place your company under the protection of the Commercial Court against creditors, by implementing the options offered by law, namely safeguard or receivership. If the entrepreneur believes that he can cope with this temporary difficulty, he will need to convince the court that a business continuation plan is possible, by gathering all the relevant information and preparing a solid, credible case. The opening of the procedure will lead to a stay of proceedings, and the company may be granted a payment moratorium by the court to pay off its creditors (for up to ten years), while continuing to receive the fruits of its activity. A second chance not to be missed.
If you have any doubts about our areas of expertise, please do not hesitate to contact us so that we can determine whether we can handle your case or recommend a colleague.