Sanitation of the enterprise

Unfortunately, today the crisis situation of enterprises and the inability to repay debts are not uncommon. Debtor insolvency is always associated with bankruptcy proceedings. The main legal act in Ukraine that regulates bankruptcy issues is the Law on Restoration of Solvency (the "Bankruptcy Law").

This procedure includes the following stages:

• disposal of the company's property;
• Conclusion of an amicable agreement;
• financial recovery, rehabilitation;
• termination of activities, liquidation.

Rehabilitation of an organization is a set of measures aimed at improving the financial condition, restoring the company's solvency and preventing liquidation.

The company's rehabilitation is carried out in three main cases:

• At the initiative of the owner of the organization. The procedure begins before the initiation of a case in court in order to overcome a difficult, crisis situation.
• When an organization applies to an arbitration court and offers rehabilitation terms.
• By a decision of the arbitration court in a bankruptcy case.

The first option is the most profitable financial rehabilitation option.

According to Ukrainian law, as part of the bankruptcy procedure, the company's rehabilitation may include

1. liquidation of receivables;
2. sale of certain property;
3. restructuring of the company, closure of unprofitable production;
4. writing off part of the debt or deferring payments;
5. other measures.

As for the initiators of the rehabilitation, the legal literature refers to the creditors' committee and the debtor's CEO as such.

When it comes to pre-trial restoration of solvency and recovery from the crisis, companies can do this on their own or engage external experts. The RegService team includes qualified lawyers, attorneys, insolvency officers, accountants and auditors. We offer our clients a comprehensive service to improve the financial condition of commercial organizations. We will help you choose the best option to restore your business's solvency. We will provide support in both pre-trial and trial proceedings.

Advantages of reorganization of a bankrupt company

• The procedure is simpler than declaring a company bankrupt.
• There is no need to liquidate the company, while it is possible to close it if necessary.
• No inspections by regulatory authorities.

Disadvantages of the rehabilitation procedure

• Upon restoration of solvency, the company may have to pay its debt obligations.
• Consent of creditors is required.

What we offer as part of the service

• Consultations on bankruptcy issues, risk assessment.
• Development and support for the implementation of a rehabilitation plan.
• Rehabilitation of the company's investment potential.
• Participation in the sale of property.
• Formation of pricing policy in the process of rehabilitation.
• Rehabilitation of the company's production potential.
• Representation of clients' interests before creditors.
• Services of an insolvency officer.
• Assistance in debt restructuring.

As a rule, the rehabilitation procedure takes up to a year. If necessary, this period can be extended for another year. It all depends on a successful plan, the number of creditors and employees, the availability of real estate and collateral, and other factors.

Before we start providing the service, we need to study the company's information in detail and conduct a detailed analysis of its financial condition. We are aware that the reorganization of an enterprise in Ukraine is a complex process that requires a multifaceted approach. Therefore, the price for our work is set on an individual basis.

Do you need to restore the financial condition of your business or have any questions? Call us at the number you see on the website. We are ready to help even in the most difficult situation.

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