Reorganisation and bankruptcy

Virtus Law has extensive experience within practical management of reconstruction as well as winding up.

The essential condition for restructuring or bankruptcy proceedings is that the company is insolvent. With respect to the economic situation of the company in question an assessment will be made, to determine whether a reconstruction or bankruptcy is the best procedure.

Reconstruction will be based on a combination of financial and corporate law advice. Restructuring your business means that Virtus Law – in cooperation with you as the owner of the business – analyses your financial situation in order to determine optimisation and rehabilitation processes most adequate to get your business on track again.

When economic difficulties arise companies often refrain from contacting a lawyer. Perhaps on the assumption that the company does not have the means nor the time for an expensive and possibly slow procedure involving legal assistance.

Virtus Law offers preparatory meetings to explore / discuss the possibilities for your company’s survival. If the continued operation of your company seems realistic an efficient and cost-conscious process is guaranteed at Virtus Law where your case is handled by lawyers with special expertise within insolvency law and operation of the businesses in general.

At Virtus Law, however, we offer an introductory meeting where we form an overview of the possibilities for your company’s survival. If the continued operation of your company seems viable/realistic based on the aforementioned meeting, an efficient as well as cost-conscious process is guaranteed at Virtus Law. The case will be managed by lawyers with special expertise within insolvency law and operation of businesses in general.