Insolvency

We advise and act on behalf of clients on all stages of insolvency proceedings in Bulgaria including:

• grounds for opening proceedings on insolvency in Bulgaria;
• legal aspects of cash flow insolvency and balance sheet insolvency;
• preliminary security measures to preserve the debtor’s property;
• consequences of the insolvency ruling and the appointment of trustee (liquidator);
• complementing the insolvency estate and powers of the trustee;
• out-of-court agreement and recovery plan;
• selling and distributing the debtor’s assets.