HOW TO SAVE MY COMPANY BANKRUPTCY. CAN I SAVE THE ENTERPRISE BANKRUPTCY? HOW TO SAVE MY COMPANY A TIME? WHAT IS THE COMPETITION OF CREDITORS? HOW TO SAVE YOUR COMPANY WITH A CONTEST OF CREDITORS ON TIME? Reviewed by Momizat on . HOW TO SAVE MY COMPANY BANKRUPTCY. HOW TO SAVE MY COMPANY A TIME? WHAT IS THE COMPETITION OF CREDITORS?   The first thing you need to know the employer is that HOW TO SAVE MY COMPANY BANKRUPTCY. HOW TO SAVE MY COMPANY A TIME? WHAT IS THE COMPETITION OF CREDITORS?   The first thing you need to know the employer is that Rating: 0
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HOW TO SAVE MY COMPANY BANKRUPTCY. CAN I SAVE THE ENTERPRISE BANKRUPTCY? HOW TO SAVE MY COMPANY A TIME? WHAT IS THE COMPETITION OF CREDITORS? HOW TO SAVE YOUR COMPANY WITH A CONTEST OF CREDITORS ON TIME?

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HOW TO SAVE MY COMPANY BANKRUPTCY. HOW TO SAVE MY COMPANY A TIME? WHAT IS THE COMPETITION OF CREDITORS?

 

The first thing you need to know the employer is that bankruptcy is not the problem. The real problem is that the company may be going through a situation of illiquidity. This is the problem of lack of liquidity the problem to be solved by the employer and not the bankruptcy.

The lack of liquidity problems are solved in different ways:

If your cause is the lack of self-financing of the results will have to improve that profitability or other sources of funding.

If the current is excessive to the extent that stocks decline, the copper before and gradually buy and pay later, more cash may have to run the company.

Sometimes problems come because the financial institutions have decided not to renew the credit accounts and reduced trade discount accounts.

As we say in another post, do not let the banks who do not renew. It should be ready all the credit to maturity and from there to negotiate. Very often the company has cash flow problems because the debt is very demanding in the short term and what it should do is refinance.

In all previous cases Arriaga Associates is a consulting expert to make save the company, to help improve results and is able to get the funding you need. There are many success stories in this regard.

However, this post is about how to save the company through bankruptcy. The first thing to say is that if the bankruptcy is too late urges bankruptcy does not save the company but also the conviction and the employer. In these cases the late contest usually ends in a sad and shoddy d liquidation of the company and its assets and sometimes with the declaration of insolvency as guilty determination of vicarious liability on the employer or administrator.

But a bankruptcy filed on time is a great opportunity to save the company. Surely the banks want to finance or refinance the company to avoid bankruptcy if they had funded the company.

If this fails to avoid bankruptcy, the declaration of the competition for the payment of any debt, suppliers, banks, social security, finance, etc.. These creditors and charge where appropriate, and those who have no mortgage, in many years and take away important. But nothing will prevent the company overcharged customers.

Providers usually see that now, after the declaration of insolvency, the company is solvent because it will have to pay the old debt. The first few months the company only charged and not pay any creditor.

What’s more, with the timely submission of employer bankruptcy will get rid of losing control of the company and to incur any liability for failing to declare the contest when he was legally required to do so.

But managing a bankruptcy is a complex issue that must manage not only the bankruptcy law attorneys. Consultants are also needed in negotiation, strategy and finance. Achieve refinancing to avoid bankruptcy requires complex financial reports and feasibility plans for improving risk committees approve funding. Approve an agreement advantageous for the company is negotiating with business plans and reports. Work with the administrator requires negotiating skills of a multi-professional who knows your work.

So if you have cash flow problems and need to save your company think of lawyers and consultants who can manage a successful bankruptcy. Arriaga Associates has a multidisciplinary team with experience in refinancing business and bankruptcy.

Arriaga Associates can finance the bankruptcy process.

 

Jesús María Ruiz de Arriaga

Lawyer, economist and consultant. Associate Director.

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