See more
Publication date: 23.05.2024
Лоер
Legal assistance in case of bankruptcy
Bankruptcy legal assistance is extremely important for individuals in Ukraine facing this complex procedure.
Bankruptcy is a recognition by the commercial court that the debtor cannot restore his solvency through rehabilitation and restructuring procedures in order to repay the monetary obligations to creditors, which are determined in accordance with the Bankruptcy Code of Ukraine. Insolvency is a situation when the debtor cannot fulfill his monetary obligations to creditors after the expiration of the established term, except in cases of applying the procedures provided for by the Bankruptcy Code of Ukraine. The subject of bankruptcy can be a legal entity or a natural person, including a natural person - an entrepreneur who cannot fulfill his financial obligations after the expiration of the term. The parties in the bankruptcy case are bankruptcy creditors (head of the creditors' committee), secured creditors, and the debtor (bankrupt).
A bankruptcy attorney can be a reliable partner in this process because they have specialized knowledge and experience in this field. Bankruptcy lawyers can provide the necessary assistance in bankruptcy filing, bankruptcy consultations, and turnkey bankruptcy procedures for individuals.
The price of legal assistance in bankruptcy may vary depending on the complexity of the case and the scope of services provided. Personal bankruptcy attorneys can hire a bankruptcy attorney to get professional help with this process.Legal bankruptcy services of individuals may include consultations, preparation of documents, representation in court and other types of support.
Bankruptcy cases are considered by the economic court at the location of the debtor - legal entity.
The application for the opening of bankruptcy proceedings is submitted by the creditor or the debtor, and in relation to the debtor - a state -owned enterprise or company, in the authorized capital of which more than 50 percent of shares (shares) belong to the state - also a body (entity) authorized to manage state property in in writing and must contain:
- the name of the economic court to which the application is filed;
- the name of the debtor, his location, identification code of the legal entity;
- the name or name of the creditor, its location or place of residence, the identification code of the legal entity, or the registration number of the taxpayer's account card, or series and passport number (for individuals who, because of their religious beliefs, refuse to accept the registration number of the taxpayer's accounting card and informed the relevant controlling authority and have a passport mark);
- the name of the body (entity) authorized to manage state property against the debtor - a state -owned enterprise or a company, in the authorized capital of which more than 50 percent of the shares (shares) belong to the state;
- a statement of the circumstances that are the basis for applying to the court;
- the list of documents attached to the application.
Bankruptcy of individuals in Ukraine is a complex process, so it is important to have a qualified bankruptcy lawyer on your side. Bankruptcy legal advice can help you understand all aspects of this procedure and determine the best way to resolve the problem.
