Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors.

Legal services in insolvency (bankruptcy) are intended:

- for the debtor’s owners (participants) in order to stop the bankruptcy procedure and retain the business;

- for the debtor’s owners (participants) in order to liquidate the company in case of impossibility of its financial recovery;

- for the debtor's creditors in the purpose of debt collection and compliance of their interests in the bankruptcy procedure of the debtor;

- protecting the debtor’s interests from the creditors’ claims;

- safety provision of the debtor's property

- control over the arbitration manager’s actions (temporary, external, competitive);

- preparation and conclusion of the settlement agreement;

- legal support of debt repayment procedures;

- termination of the bankruptcy procedure;

- initiation of bankruptcy proceedings in the arbitration court in accordance with the law;

- legal support of the arbitral manager’s appointment procedure;

- legal ensuring of legislation requirements during bankruptcy;

- legal support for liquidation in accordance with the law;

- initiation of bankruptcy procedure against the debtor;

- contestation the debtor's transactions concluded earlier concerning output of enterprise assets;

- analysis of debtor’s financial and economic activity in order to identify fictitious (intentional) bankruptcy;

- appeal to law enforcement bodies with the application to initiate criminal case for fictitious (intentional) bankruptcy;

- taking other measures stipulated by law for repayment the debts in the bankruptcy procedure.

Legal services for the debtor’s owners (shareholders) to save the business, the termination of the bankruptcy proceedings initiated by creditors’ claims include:

- protecting the debtor’s interests from the creditors’ claims;

- safety provision of the debtor's property

- control over the arbitration manager’s actions (temporary, external, competitive);

- preparation and conclusion of the settlement agreement;

- legal support of debt repayment procedures;

- termination of the bankruptcy procedure.

Legal services for the debtor’s owners (shareholders) in order to liquidate the company in case of impossibility of its financial recovery include:

- initiation of bankruptcy proceedings in the arbitration court in accordance with the law;

- legal support of the arbitral manager’s appointment procedure;

- legal ensuring of legislation requirements during bankruptcy;

- legal support for liquidation in accordance with the law;

Legal services for the debtor's creditors in the purpose of debt collection and compliance of their interests in bankruptcy procedure of the debtor include:

- initiation of bankruptcy procedure against the debtor;

- contestation the debtor's transactions concluded earlier concerning output of enterprise assets;

- analysis of debtor’s financial and economic activity in order to identify fictitious (intentional) bankruptcy;

- appeal to law enforcement bodies with the application to initiate criminal case for fictitious (intentional) bankruptcy;

- taking other measures stipulated by law for repayment the debts in the bankruptcy procedure.