NOT AVOID BANKRUPTCY, TAKE ADVANTAGE OF IT. CREDITORS CONTEST MAY SERVE TO SAVE YOUR COMPANY. EXPERT ARRIAGA REFLOATING ASSOCIATED COMPANIES IN FINANCING AND REFINANCING OF SMES AND ATTORNEYS BANKRUPTCY. NOW ALSO IN ZARAGOZA, SPAIN Reviewed by Momizat on .   NOT AVOID BANKRUPTCY, TAKE ADVANTAGE OF IT When a company is in a serious situation of illiquidity and even insolvency is time to think about the bankruptcy.   NOT AVOID BANKRUPTCY, TAKE ADVANTAGE OF IT When a company is in a serious situation of illiquidity and even insolvency is time to think about the bankruptcy. Rating: 0
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NOT AVOID BANKRUPTCY, TAKE ADVANTAGE OF IT. CREDITORS CONTEST MAY SERVE TO SAVE YOUR COMPANY. EXPERT ARRIAGA REFLOATING ASSOCIATED COMPANIES IN FINANCING AND REFINANCING OF SMES AND ATTORNEYS BANKRUPTCY. NOW ALSO IN ZARAGOZA, SPAIN

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NOT AVOID BANKRUPTCY, TAKE ADVANTAGE OF IT

When a company is in a serious situation of illiquidity and even insolvency is time to think about the bankruptcy. The bankruptcy is a tool you need to know to manage very well.

If you already have a large debt with the banks and if your business could work if it were not for liquidity problems, you have an opportunity to negotiate with financial institutions to obtain more funding and better time to refinance existing debts. The bank will want to avoid bankruptcy more than you

If banks are not the work do not be afraid to file the bankruptcy, yes, well presented and well run. The longer you delay the more it becomes a point of no return. Posed to time making an agreement in which debts are stopped prior to competition and to be paid over the years, to remove, and have a chance to regain its image and market. It will stop the executions and liens, recover supply contracts or lease necessary for the company and not lose control of the company.

Failure to file the bankruptcy situation will deteriorate and be more difficult to reach an agreement with creditors to lift the contest. Then the bankruptcy will become more fearful and more inevitable for the company. The employer will risk losing control of the company and even to have to respond with their own personal net worth of debts. You could lose control of the company and see how productive assets are sold at bargain prices at public auctions.

It is therefore very important to be proactive with bankruptcy. You have to do well with a team who can take advantage of the situation. With lawyers, economists and consultants who, besides knowing all the technical work to manage it in a way that perhaps can save the same show or get the best deal for the company and save the employer’s assets. .

Arriaga Associates is a multidisciplinary team composed of lawyers, economists and consultants with expertise in managing bankruptcy.

Jesús María Ruiz de Arriaga

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