Many businesses may face the fact that their debtor is declared bankrupt. In this case, debt collection takes place according to a clearly established procedure, if not followed, you can completely lose the opportunity to return the money. In this regard, it is recommended to use the services of professionals to implement debt repayment.
Instructions
Step 1
Contact a law firm that provides bankruptcy debt collection services. This will not only save you time, but also your own nerves. The fact is that it is quite difficult to return money from a bankrupt debtor, and in order not to miss your chance, you will have to communicate with lawyers, judges, arbitration managers, accountants and other creditors. If you decide to do this procedure yourself, then you need to act quickly and according to the established plan.
Step 2
Check out the procedure for paying off bankruptcy debts. It is legally established that the claims of persons in respect of whom harm to life or health have been caused are first satisfied. This is followed by alimony arrears, severance payments and wages. After that, creditors who received bankruptcy property as collateral can be repaid. The next stage is the calculations for payments to budgetary and extra-budgetary funds. And only after that the debt can be collected by other creditors.
Step 3
Examine the bankruptcy restructuring plan that is drawn up by a court-appointed receiver. According to this document, the debtor is obliged to pay off all creditors within five years. If this does not happen, then the company is assigned liquidation, and the debts are paid off through the sale of property. Pay attention to the time frame for settlements on your debt.
Step 4
Write applications to the court to replace the bankruptcy commissioner. If your claim is accepted, a new manager will be appointed to the bankrupt, who will change the procedure for settlements with creditors. Perhaps the new plan will be more convenient for you.
Step 5
Submit a statement of claim to declare the debtor bankrupt. If you have not been repaid for a long time, it is recommended to monitor the debtor's financial condition. If he shows the threat of bankruptcy, then you must be the first to declare this. In this case, you will receive priority right to debt collection.
