Representation of Lender in Bankruptcy Case

Werner Law Firm represented construction company in bankruptcy case. Through initiation of bankruptcy proceeding by the company, claims of the lender, i.e. construction company with respect to unenforced court decisions on debt collection under the loan agreements were satisfied.

The associates at Werner Law Firm led the entire process from filing of monetary claim to the full satisfaction of the lender's claims. At the stage of asset disposal by lender’s representatives, an effective mechanism for debt repayment was offered, resulting in full satisfaction of the lender's claims.

Provision of services of a bankruptcy commissioner in a bankruptcy case of a company selling electrical products

A leading international producer of electrical products turned to us for legal support after bankruptcy proceedings had been initiated against one of its debtors. In order to protect the creditor’s legitimate rights and interests we succeeded in appointing Igor Darmogray as a bankruptcy commissioner of the debtor. There were enough ground for initiating criminal proceedings against the debtor and its officers.

Advising on the issues of bankruptcy of private entrepreneurs

Due to the difficult financial and economic situation many private entrepreneurs encounter difficulties while servicing their debts before banks and other financial institutions pursuant to loan and financial leasing agreements. Quite often the only way out of the situation is declaring such a private entrepreneur bankrupt by way of applying to a court and carrying out bankruptcy proceedings. We advised a substantial number of times debtors and creditors on the procedure, terms and conditions of the carrying out of bankruptcy proceedings against a private entrepreneur.