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Insolvency proceedings

We know well enough that not each crisis can be overcome. Still, we do our best to help our clients to sustain as little damage as possible. Entrepreneurs who are considering filing for insolvency proceedings may rely on our exhaustive service that includes legal and financial analysis of their businesses, assistance in drafting the application complete with appendices and representation in the court of law to open insolvency proceedings. We also act as an insolvency administrator.

We are aware that insolvency proceedings may also entail undesired consequences that will have to be borne by the members the management or the supervisory board and partners. We assist them in proceedings concerning their liability for damage, criminal and fiscal liability. We provide representation of our clients in the court of law where proceedings of economic activity prohibition have been initiated. We advise on the best methods of avoiding liability.

In insolvency proceedings we also represent the interests of the creditors. We assist creditors in their applications and in filing for bankruptcy as well as in drawing up a notification of suspected criminal activities. We stand in for the contractors of the insolvent party in the sessions of creditors boards and creditors meetings and in proceedings concerning liability for damage and criminal liabilities. We help the other party to the agreement to prevent bankruptcy in the future.

Schindhelm as a whole provides complete assistance on an international level, so we assist clients in lodging successful claims across Europe.