Creditors and other stakeholders
As a creditor or another stakeholder, you need to supervise your debtor’s legal protection proceedings and / or extrajudicial legal protection proceedings (LPP and / or ELPP) to ensure that your legitimate interests are respected.
As a director of a distressed business, you have a legal responsibility to prevent the company from insolvent trading. Getting early advice can help you clarify your current position and options.
Business owners or other financially interested stakeholders
As a business owner or other financial stakeholder, you need to manage your potential financial risks, which can include preventive debt restructuring, legal protection proceedings and possible insolvency scenarios.
Advisor, employee tasked with ensuring financial stability in a distressed business
Advisor, employee tasked with ensuring financial stability in a distressed business, you need to provide the company's governing bodies or other financial stakeholders with clear advice and options for preventive debt restructuring, legal protection and insolvency proceedings.
Person who develops and / or negotiates the company's financial recovery plan
As the person developing and / or negotiating a company's financial recovery plan, or LPP and / or ELPP restructuring plan, you need to gain majority support from stakeholders, including creditors.
Board of the company
As the board member of a company in financial distress, you have an obligation to file for insolvency proceedings unless an agreement has been reached with creditors and / or such an obligation is directly required by law and / or the company has no prospect of viability.