Legal entities, starting their own business, must understand what financial risks await them. Successful work of the company is possible under favorable conditions of cooperation with reliable partners and creditors. At the same time, it is necessary to competently conduct the business of the company.
If you approach the organization of work carelessly, you can quickly reach a state of insolvency. In this case, there will be nothing to pay on loan obligations, to pay salaries to employees.
With the admission of delays, debts are constantly growing, since fines and penalties are charged. As a result, the enterprise becomes insolvent. The way out of this situation can be bankruptcy. In such a situation, you need to submit an application to Arbitration.
The advice of an expert on the bankruptcy of legal entities can competently and professionally be provided here https://mojnourista.ru/bankruptcy/ And they will also help to make a financial analysis of the situation, they will select an arbitration manager. They will help to accompany the entire bankruptcy procedure of legal entities.
Stages of bankruptcy of legal entities
The bankruptcy procedure for legal entities consists of several stages:
• The application by the Arbitration Court can be accepted if there are necessary grounds for that. In this case, it is required to prove that the debt exceeds 300 rubles, delays in payments – 000 months;
• Supervision is considered the first stage of bankruptcy. Verification of accounting documents begins;
• further – financial recovery. If the debtor can pay off the debts, then he pays off the debt and the enterprise continues to function;
• if it is impossible to pay debts, the stage of external management begins;
• the legal entity is declared bankrupt. The bankruptcy stage means that the property is sold at auction. The company is being liquidated.
Arbitration manager
Creditors are not allowed to file bankruptcy claims. The launched bankruptcy mechanism can be stopped until the bankruptcy proceedings begin. At each stage there is an opportunity to negotiate with creditors and contractors. At the same time, it is often possible to write off part of the obligations, and the remaining debt is fixed, and the payment procedure and terms for payments are also stipulated.
The bankruptcy procedure is a rather lengthy undertaking. It can last for a single year. Much depends on the number of creditors and the amount of debt.
In addition, starting bankruptcy, you have to pay a state fee, for publications that are necessary in this process, for the services of a manager. The arbitration manager is considered the key figure in the process. Under his leadership, it is possible to overcome the crisis, restoring the client’s solvency. He will also be able to help a legal entity become bankrupt as quickly as possible.