Bankruptcy is a situation when a private or legal entity is unable to meet its debt obligations. In other words, when his financial situation is so bad that it is time for him to declare himself an insolvent debtor. Before the eyes of people there were examples when the most seemingly reliable and respectable corporations or banks went bankrupt. The bankruptcy procedure is clearly spelled out in the relevant federal law.
Instructions
Step 1
Let's say the management of a bankrupt enterprise admits its debt to creditors. According to the law, a prerequisite for termination is the absence of creditors' claims against the debtor enterprise. And in what legal way can you ensure that they have no complaints? There are only two options: either to pay off the debt to them, or to persuade them to postpone the collection of the debt, with the simultaneous signing of an amicable agreement.
Step 2
The first option is definitely better. But if the debtor company does not have the ability to pay off debts (lack of free funds, the ability to take out a loan, resort to the help of a third party, etc.), you will have to convince the creditors to conclude an amicable agreement. How to achieve this, what arguments to give is decided by the management of the debtor enterprise, based on the specific circumstances and the amount of debt. As a rule, such an argument helps well: even if the bankruptcy procedure is brought to an end, it will be possible to pay off only a small part of the debt, but if the debtor company copes with the difficult situation, starts working again in full force, the debt will be returned in full, besides with interest for using other people's funds.
Step 3
Well, but what to do in cases when the bankruptcy procedure of an enterprise, in the opinion of its management, has been started illegally? That is, claims against the company arose due to misinterpretation of the articles of the Tax Code, for example, or due to the intrigues of competitors, attempts to raid (alas, such cases are not uncommon). Then, with the help of qualified lawyers specializing in bankruptcy cases, you should file a claim with the Arbitration Court, demanding that the creditors' claims be recognized as unfounded.
Step 4
There is one more reason for terminating the bankruptcy procedure: if the business of the bankrupt enterprise is so bad that the cost of its sold property and products does not even cover the costs of this procedure. In this case, financial investments of investors can help, but in order to attract them, it is necessary to interest people. As a rule, a well-planned and convincing roadmap can help here.
