Corporate Bankruptcy, Debtor & Creditor Protection

Bankruptcy proceedings are an extremely powerful yet dangerous tool in corporate law. For creditors, a debtor's bankruptcy is often the only legal way to recover bad debts by selling off assets or holding the debtor's executives financially liable. For debtors, it is a legal opportunity to restructure (reorganize) the business, freeze penalty accruals, or completely write off debts.

The Code of Ukraine on Bankruptcy Procedures contains many specific rules and hidden traps. The rules on joint and several and subsidiary liability of managers, founders, and ultimate beneficial owners of a debtor enterprise are particularly strict: if the company's assets are insufficient to pay debts, the court can recover millions directly from the personal funds and property of the director or owners.

Attorney Yuriy Kozachuk, Ph.D., provides highly professional support of bankruptcy procedures of any complexity, acting both for creditors and debtors. We initiate bankruptcy procedures of bad faith debtors for maximum return of funds to creditors.

For debtors and beneficiaries, we develop reliable strategies for protecting management from subsidiary liability to creditors, support liquidation procedures, challenge dubious creditor claims, and help legally write off the company's debts.

Bankruptcy processes require fundamental legal knowledge and rapid procedural response. Our expertise will help protect your assets and personal financial security.