Small Debtors’ Protective Settlement

We advise qualifying small debtors on the simplified Protective Settlement procedure established under the Bankruptcy Law to facilitate an agreement with creditors through an efficient and lower-cost process while allowing the debtor to retain management of its business.

Our legal services

• Advising on qualification and eligibility for Small Debtors’ Protective Settlement.

• Advising on commencement requirements and the legal consequences of the procedure.

• Preparing and reviewing commencement decisions and related legal documentation.

• Drafting and legally structuring settlement proposals.

• Advising on creditor classification, voting rights, and approval requirements.

• Representing debtors in negotiations with creditors.

• Preparing applications relating to suspension of claims.

• Advising on secured creditor rights and enforcement remedies.

• Advising on the legal treatment of contracts, guarantees, and security arrangements.

• Representing clients in objections and court proceedings arising from the procedure.

• Advising on the legal effect, amendment, implementation, and termination of settlement plans.