Bankruptcy of individuals and legal entities

Bankruptcy. There is hardly a person today who hasn’t heard this word  in one sense or another in recent years. For some, bankruptcy is a way to end an unfortunate time in their life by settling obligations to creditors and starting over, for others is the last chance to exact debt from an insolvent debtor.

Regardless of the volume of claims to the debtor and the number of creditors, bankruptcy is a prolonged procedure that requires careful planning, professional assessment of all prospects and risks.

Advocates of the Adamova & Partners Bar Association have large experience in supporting bankruptcy procedures at all stages, from initiating bankruptcy proceedings till ending with settlements with creditors and liquidation of the debtor or restoring the debtor’s solvency as a result of rehabilitation procedures, although the last happen so rarely.

The Bar’s advocates are equally competent in representing the creditors’ interests, planning and supporting bankruptcy proceedings in the interests of the debtor and his beneficiaries, participating in a bankruptcy case as representatives of an insolvency practitioner.

Bankruptcy is one of the most rapidly and dynamically developing branches of Russian legislation, in which the law enforcement practice of the Supreme Court of the Russian Federation has a special role. At any time the Collegium for Economic Disputes of the Supreme Court Russian of the Federation can make a decision that will at once turn the approach to resolving bankruptcy issues upside down or other situations arising in those proceedings.  Therefore we carefully check all possible sources of information for always be “in trend” and rule out any surprises in the court session.

Often, participation in bankruptcy cases is limited to achieving an affirmative result for the client only in the legal area, like receiving an irreproachable from a legal point of view, but in reality unenforceable judicial act, which declaring the debtor’s transaction invalid or appeal the controlling persons to subsidiary liability. Adamova & Partners Bar Association is not limited to legal victories in litigation, but also through the capabilities of their partners from other areas of practice, offers services for searching debtor assets both in Russia and abroad in order to satisfy the client’s requirements as much as possible.