LLC bankruptcyContractualFrom 6 months
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The general procedure of bankruptcy proceedings for LLC is by the Law of Ukraine "On Restoring Debtor's Solvency or Declaring it Bankrupt". This legal act sets out the sequence of events at the official termination of the company, followed by partial or complete performance of obligations to creditors, employees or government agencies and foundations.
The service is available in Western Region (Lviv region., Ternopil, Ivano-Frankivsk, Lutsk, Chernivtsi, Rivne, Uzhgorod).
It is mandatory for all companies subject to the procedure of bankruptcy to pass all successive stages, guaranteeing protection of the rights of creditors and employees of the company.
Thus, the basis to make a decision on bankruptcy of the joint-stock company is already set. Then the liquidation procedure is being started and a liquidator is appointed. The liquidator carries out all the procedures provided by law, considers the claims of creditors, and estimates assets and liabilities that represent property and monetary value to study the possibility of debt, etc. At the end of the procedure the liquidation balance sheet is prepared, a report is being made and submitted to the court.
BASED ON ESTIMATED CAPABILITIES, THE DEBTORS’ ARE BEING PAID IN THE FOLLOWING ORDER:
- damages to life and health, mortgaged claims of creditors;
- the workers regarding labor relations;
- mandatory payments.
Why Zakon Lviv?
- The result is a register entry. We take the procedure through to the court ruling and the record of the company's termination in the Unified State Register.
- Bankruptcy handled turnkey. We prepare the petition and documents for the commercial court and work with the insolvency practitioner and creditors. You make decisions and sign.
- We defend your position in court. Creditor objections, demands from the authorities, delays: we respond and appeal until the proceedings are closed.
- One lawyer from start to finish. Your matter will not get lost on the way: the same person stays on it even when the procedure takes months.
- Debt details stay confidential. Information about the company, its debts and counterparties reaches no third parties. We disclose only what the law or the procedure requires, and the contract says so.
ALGORITHM:
- Getting the application;
- Provide a personal meeting with the client and choosing the best solution to the issue;
- Getting 70% of the sum in advance;
- Preparation and submission of an application for initiation of the bankruptcy of an individual in the Commercial Court;
- After the liquidation procedure the company’s inventory is being checked, identifying property, assets of the bankrupt, collecting the claims of the bankrupt, preserving the bankrupt’s property and performing other procedures specified by the Law of Ukraine "On Restoring Debtor's Solvency or Declaring it Bankrupt";
- Preparation of register of creditor claims and submitting it for approval to the Commercial Court;
- Sale of property of the debtor and paying the creditors' claims;
- Preparation and submission of the report on liquidation procedures and bankrupt’s liquidation balance for approval by the economic court.
- Transfer of documents to the client.
- Get the rest 30% of the sum.
WHAT DO WE NEED FROM YOU?
For the procedure of closing an LLC we will need the following documents: founding documents, statistical, accounting and tax reports, lists of debtors and creditors of the company, primary documents that confirm business transactions with counterparties-enterprises, personnel records, all contracts of enterprise, information and documents on the property of the company, documents on the results of the inventories in the company.
The abovementioned list of information and documents that should be transferred to the liquidator is not exhaustive.
