The unstable situation on both international and domestic marketplaces allows for the presence of rather high risks associated with a decrease in profitability or simply ruin yesterday, it would seem, of successful commercial enterprises. "How to get out of a difficult situation with minimal material losses in a civilized way?" - this issue can be resolved at the legal level using bankruptcy procedures. Services for its implementation are provided by relevant organizations (as an example, you can consider the proposals of the consulting company Finlife on its official website) having sufficient experience and qualifications in solving similar tasks.
Consulting company capabilities
It should be noted right away that the bankruptcy procedure applies to both legal entities (for example, private entrepreneurs) and individuals. The main difference between them is the appeal and consideration of this issue in various instances:
- Legal entities - the relevant arbitration court.
- Individuals - a territorial judicial body at the place of consideration of the application.
But the most important aspect, according to leading experts, is not so much the bankruptcy procedure itself, but rather the preparatory stage, which necessarily includes:
- Detailed consultation for a professional analysis of the current financial situation (problem).
- Drawing up an action plan, consisting of recommendations for negotiating with creditors and collecting the package of documents necessary for bankruptcy.
- Making a final decision on the need to initiate bankruptcy proceedings to resolve the existing problem.
Preliminary consultations, as a rule, are carried out by specialists of consulting companies free of charge, so do not postpone solving your problems and contact professionals who will help fix the current situation with minimal material losses.
