Creditor Settlements

Voluntarily forming a debt settlement with the debtor’s creditors is the main way to rehabilitate a company or individual while maintaining commercial activity as a going-concern and protecting assets, reputation and employees. The new law allows the creditors’ settlement to be transferred by means of court supervision and the appointment of an administrator whose powers are limited to technical matters, and allows debtors relative flexibility while involving the creditors in the process.

Today, producing voluntary debt settlement for creditor approval is the main route, preferred by both debtors and creditors, which generally resolves the economic problem with all parties getting paid.

The department’s team has led many cases to a creditor settlement and specializes in finding the best financial plan the creditor settlement will center on, finding financing sources and safeguarding main assets important to the client using an approach individually tailored to each client.