Bankruptcy initiated by a creditor

The bankruptcy of an enterprise is considered to be the establishment, in the manner prescribed by law, of the financial insolvency and inability of an individual entrepreneur or a commercial organization to fulfill its obligations to creditors. 

A company may initiate bankruptcy proceedings on its own. It can also be initiated by creditors or competent regulatory authorities. 

In general, the procedure for establishing the insolvency of a legal entity in Ukraine is as follows: 

1. Initiation of bankruptcy. 
2. Initiation of court proceedings. 
3. Appointment of a property manager. 
4. Implementation of a list of actions aimed at repayment of debts and fulfillment of creditors' claims by the debtor. 
5. Sanation (not a mandatory step, but may help improve the financial condition of the company and avoid liquidation). 
6. Settlement agreement. 
7. Recognition of the company as bankrupt. 
8. Work of the liquidation commission. 
9. Termination of the company's business activities (liquidation). 

Each stage has its own peculiarities. To carry out bankruptcy proceedings initiated by a creditor correctly, in accordance with the law, contact RegService. 

We will provide advisory and practical assistance on business restructuring and bankruptcy. We offer each client the most optimal solution to the problem, relying on our vast experience and competence in such matters. 

List of services 

Our clients come from Kyiv, Kharkiv, Zhytomyr, Dnipro and other regions of Ukraine.

The specialists of our company provide the following consulting and legal services at an affordable cost: 

• legal advice on any issues related to the establishment of company insolvency and business restructuring; 
• Preparation of a package of documents for bankruptcy and appeal to the commercial court;
• Identification of creditors and debtors; 
• valuation of property and the amount of debt; 
• development of a rehabilitation plan; 
• negotiations with creditors; 
• Taking the necessary measures to raise funds from investors in order to save the business and fulfill obligations to creditors; 
• representation of interests in court; 
• control over the work of the liquidation commission; 
• legal assistance in liquidation of the company after obtaining the status of "bankrupt". 

The lawyers of the Registration Service Company are professionals in the field of bankruptcy by a debtor's creditor. We provide turnkey services, taking into account the interests of our clients and the requirements of the current legislation. Contact us!

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