Corporate debt restructuring and bankruptcy matters

Reluctance to pay and especially inability to pay nowadays face more and more companies engaged in trade and transport, and also other sectors.

Corporate debt restructuring is used for assessing the situation of an enterprise on the brink of bankruptcy in an objective manner, free from secondary effects. In this case, the administrator of the restructuring process examines whether the enterprise can still be rehabilitated – and whether it thus has the proper conditions for continuing its operations through rehabilitation – in many cases by cutting its debts.

If a corporate debt restructuring or a voluntary debt restructuring by way of agreement is launched at a sufficiently early stage, it may be possible to save the enterprise that has ended up in temporary difficulties. Restructuring can also be used to make a radical change of direction in the company, to undertake the required rehabilitation measures and to terminate unprofitable contracts regardless of the normal period of notice.

However, if the company has drifted to such a state of insolvency that even the debt restructuring does not produce the desired outcome or if there are not otherwise grounds for it, our firm can take care of the company’s debt settlement in the event of bankruptcy. In many cases, when the corporate debt restructuring is being contemplated, it is noticed that bankruptcy is a more sensible option, but the matter should still be examined very carefully first. We have been involved in numerous bankruptcy cases as the estate administrator and public receiver and in corporate debt restructuring processes as the administrator and later as the supervisor.

In a case of insolvency and bankruptcy, co-operation especially with the major creditors is of utmost importance, regardless of one’s own role.

Contact us

Cookie Policy
Attorneys at law Hiltunen Lepistö & Liukkonen

This website uses cookies so that we can provide you with the best user experience possible. Some of the cookies are necessary for the website to function properly. 3rd party cookies are used to enable website analytics. This kind of cookies are stored only if you allow it by clicking Accept all cookies -button.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.