AS IN CIRCUMSTANCES OF CORPORATE INSOLVENCY. LAWYERS, ECONOMISTS EXPERTS. ARRIAGA ASSOCIATES, NOW IN ZARAGOZA, SPAIN. Reviewed by Momizat on .   HOW TO FACE THE CORPORATE INSOLVENCY? When a company can not pay their debts should consider a proactive strategy to save the company, and if not to save the   HOW TO FACE THE CORPORATE INSOLVENCY? When a company can not pay their debts should consider a proactive strategy to save the company, and if not to save the Rating: 0
Inicio » Blog Arriaga Asociados » AS IN CIRCUMSTANCES OF CORPORATE INSOLVENCY. LAWYERS, ECONOMISTS EXPERTS. ARRIAGA ASSOCIATES, NOW IN ZARAGOZA, SPAIN.

AS IN CIRCUMSTANCES OF CORPORATE INSOLVENCY. LAWYERS, ECONOMISTS EXPERTS. ARRIAGA ASSOCIATES, NOW IN ZARAGOZA, SPAIN.

triangulo

 

HOW TO FACE THE CORPORATE INSOLVENCY?

When a company can not pay their debts should consider a proactive strategy to save the company, and if not to save the company, at least, to save the employer. These are guidelines that propose:

The first idea is to think how to get a refinance.

Surely the banks that have lent money do not want to pay more money but may not want to lose the money already invested in the company. This is very important to develop a feasibility project, where banks can see that the company can generate cash if you help, or what I usually say to my clients, you must tell the bank that “the cow is worth more for their milk , which can give, that their flesh. “

If we face many banks may want to dampen anyone hoping to be the other banks to get wet. But if one or two banks, or, having more than one or two are accumulating too much debt, get banks to take us into account.

Use of bankruptcy as a possibility.

The mere threat of bankruptcy makes the providers, especially banks, put the batteries. It is a very difficult situation for all and everyone that possibility will be very nervous and want a solution.

It is important to be careful because if word gets providers may not want to lose serve and supply company. There are many strategies for doing that here we can not explain. This would be a next post I promise to.

Pose a serious bankruptcy

When refinancing is not achieved we must think seriously about the bankruptcy. It has many advantages, the law obliges the employer and an opportunity to revive the company. A well-posed bankruptcy and time is a protective measure for the company and it may be saved. Recently did the General Motors worldwide and was thus saved. Everyone applauds the CEO of GM.

The consequences of not raising the time bankruptcy proceedings are disastrous for the company, especially for the entrepreneur who may lose control of the company and have to respond with their personal assets present and future.

If it gets tricky to do an orderly liquidation plan, avoiding judicial auctions.

What can not be done is for the entrepreneur, feeling defeated, do nothing and come to an arrangement with creditors without options. In such cases, in addition to the responsibilities that the employer could have, you risk your company is sold for nothing, keeping everyone unhappy suppliers, creditors, banks, employees and the employer

Jesús María Ruiz de Arriaga Remírez

Lawyer, economist, specializing in bankruptcy law and business consulting

Acerca del Autor

triangulo
triangulo

Deje su comentario

triangulo

Subir