More on insolvency procedures …
Insolvency proceedings were in Slovenian law governed primarily by the Law on the financial performance of companies in the Compulsory Settlement, Bankruptcy and Liquidation Act and the Companies Act. And now the area is regulated primarily by the Financial Operations, Insolvency Proceedings and Compulsory Dissolution Act ( ZFPPIPP ). The new law similar to comparable legislation also regulates personal bankruptcy and bankruptcy estate.
Certain issues related to insolvency proceedings are regulated in the Law on Labour Relations, Slovenian accounting standards, tax regulations, etc.
Insolvency proceedings under Slovenian law are declaration of bankrupcy, debt settlement and compulsory liquidation.
Our experience !
Our experience in insolvency and compulsory winding up proceedings is welcome when solving financial problems (insolvency and over-indebtedness) of companies. We offer business and financial advice to business partners upon or even before the onset of insolvency, analysis of the financial and business situation, preparation of financial restructuring plans and proposals for forced settlement, and preparation of proposals for the initiation of bankruptcy proceedings.
Our services !
We register claims for creditors in the aforementioned procedures, we ensure the protection of their interests by examining the actual situation of the debtor in the case of a forced settlement procedure, and we try to achieve repayment through active participation in the bankruptcy procedure.
We offer our services to the administrative unit of companies also in the field of liquidation, where we have to distinguish between:
– Voluntary liquidation carried out by single legal entity on the basis of the decision of the competent organ of the legal person and
– Compulsory liquidation, which begins beyond the control of legal persons and executed by the court.
We also offer due diligence reviews of the business and financial situation to members and shareholders. As part of the due diligence, we check the correctness of the recording of individual business events, the analysis of operations and the analysis of the effects of possible irregularities that occurred during the course of operations.
