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Oct 25, 2023 23:32:22 GMT -8
Post by joita9865 on Oct 25, 2023 23:32:22 GMT -8
Company bankruptcy and liabilities To make the entire process go as smoothly as possible, it is worth taking steps in advance to prepare for bankruptcy proceedings. Take care to terminate contracts with employees by mutual consent if you employ any , and try to reduce your liabilities. For example, by repaying debts to creditors, terminating leasing or rental contracts or selling remaining goods in stock. Thanks to such activities, you can significantly shorten the entire process, which also translates into lower costs. A proactive approach may also give you the opportunity to achieve debt relief , which involves helping the company restore financial stability. Typically, such services are offered by law firms or debt relief companies.
With their support it is possible, among others, to: removal from the list of debtors, negotiating new, more favorable terms philippines photo editor of repayment of loans or credits, obtaining a consolidation loan and avoiding any negative consequences related to enforcement. Costs and liabilities of the bankruptcy estate Another important issue when declaring a company's bankruptcy is the issue of the bankruptcy estate the bankrupt's assets used to repay liabilities to creditors. These may include, for example, the company's assets and liabilities. The court then appoints a Temporary Court Supervisor whose purpose is to evaluate the value of the enterprise . According to art. of the Bankruptcy.
Law, the costs of the proceedings include expenses directly related to the determination, security, management and liquidation of the bankruptcy estate and the determination of receivables. More specifically, this applies to: Remuneration of the trustee and his deputy; Remuneration for persons employed by the trustee and receivables for social security contributions from the remuneration of these persons; Remuneration and expenses for members of the creditors' committee; Costs of archiving documents, correspondence, announcements, and use of premises.
With their support it is possible, among others, to: removal from the list of debtors, negotiating new, more favorable terms philippines photo editor of repayment of loans or credits, obtaining a consolidation loan and avoiding any negative consequences related to enforcement. Costs and liabilities of the bankruptcy estate Another important issue when declaring a company's bankruptcy is the issue of the bankruptcy estate the bankrupt's assets used to repay liabilities to creditors. These may include, for example, the company's assets and liabilities. The court then appoints a Temporary Court Supervisor whose purpose is to evaluate the value of the enterprise . According to art. of the Bankruptcy.
Law, the costs of the proceedings include expenses directly related to the determination, security, management and liquidation of the bankruptcy estate and the determination of receivables. More specifically, this applies to: Remuneration of the trustee and his deputy; Remuneration for persons employed by the trustee and receivables for social security contributions from the remuneration of these persons; Remuneration and expenses for members of the creditors' committee; Costs of archiving documents, correspondence, announcements, and use of premises.