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.