Administrative Liquidation

We advise and represent debtors, creditors, secured creditors, and other affected stakeholders in Administrative Liquidation proceedings. As the procedure is administered by the Bankruptcy Commission, our role focuses on legal advice, representation, and the protection and enforcement of stakeholder rights under the Bankruptcy Law.

Our legal services

• Advising on the legal grounds, requirements, and consequences of Administrative Liquidation.

• Preparing and filing applications for commencement and related legal submissions.

• Representing clients before the competent court and the Bankruptcy Commission, as applicable.

• Advising creditors on preparing, submitting, and legally substantiating their claims.

• Advising secured creditors on security interests and rights affected by the proceeding.

• Advising on ownership and third-party rights relating to bankruptcy assets.

• Advising on the legal effect of the proceeding on contracts, guarantees, and outstanding obligations.

• Representing clients in objections to decisions or actions of the Bankruptcy Commission.

• Representing clients in disputes and court proceedings arising from Administrative Liquidation.

• Advising directors, shareholders, guarantors, and other stakeholders on their rights, obligations, and potential liabilities.

• Advising on the legal consequences of completion and termination of the proceeding.