Bankruptcy at the initiative of the debtor

The corporate bankruptcy procedure is the recognition of a legal entity's financial insolvency in accordance with the procedure established by the Bankruptcy Code of Ukraine. 

Carrying out such a procedure involves not only time costs, but also certain financial risks and difficulties, which are mainly due to the legal complexity of bankruptcy. 

To conduct bankruptcy in Ukraine without unnecessary worries and all sorts of problems, we recommend contacting RegService. 

We provide highly qualified services to individuals - entrepreneurs, legal entities of any organizational and legal form in Kyiv, Kharkiv, Zhytomyr and other cities of Ukraine. 

The key feature of a company bankruptcy initiated by the debtor is the obligation to apply to the commercial court, in compliance with the principles of territorial jurisdiction, with a statement of initiation of proceedings. 

The debtor has a limited period of time to apply to the court - 1 month from the date of the threat of loss of solvency. 

Which companies are eligible for this procedure? 

Declaring insolvency at the initiative of the debtor is suitable for business entities in the following cases: 

• A significant amount of debt to counterparties or the budget. Repayment of debts under their obligations. 
• Rehabilitation did not bring the desired result and it is impossible to restore the solvency of the business entity.

What does the client get? 

As a result of the bankruptcy procedure, the client receives 

• entering information into the register on the termination of the company's activities 
• recognition of debts as repaid; 
• termination of the accrual of sanctions, interest, fines, and penalties. 

Our offers 

Lawyers of RegService provide the following services: 

1. Professional written and oral consultations. 
2. Assessment of all kinds of risks. 
3. Correspondent services. 
4. Audit of the interim liquidation balance sheet. 
5. Assistance in selecting an insolvency receiver. 
6. Preparation of a package of documents for applying to the commercial court. 
7. Negotiations with creditors. 
8. Organization of pre-trial (claim) dispute resolution procedure. 
9. Representation of interests in court. 
10. Appealing against a court decision. 
11. Legal support after a business entity is declared bankrupt. 

In case of violation of the statutory requirements for initiating bankruptcy proceedings, terms and conduct of bankruptcy proceedings, the current legislation, in particular, the Code of Administrative Offenses, provides for liability for bankruptcy. 

To minimize risks and do everything in accordance with legal requirements, contact the Registration Service Company. We will conduct bankruptcy at the initiative of the debtor at affordable prices.

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