If your major debtors are in a difficult situation and delay or deny payments, this will impact the cash flow of your business. Therefore, in order to secure your position and privilege as the creditor, we can represent you in bankruptcy or rehabilitation cases.
For insolvent clients, our team will explore all available debt relief options available to avoid filing for bankruptcy, including consolidating/modifying loans, negotiating with creditors, loan refinancing, business carve-outs and transfers and so forth. However, if bankruptcy is the only suitable course of action for a business faced with insurmountable debt, we can advise on how to file for bankruptcy in Thailand and handle what the consequences will be.
In addition, we can help with suitable legal measures to resist enforcement, retain assets and avoid foreclosure and repossession. Our lawyers help clients by obtaining value from corporate assets, favorable loan terms, equitable distribution of assets and company closure or business renewal via reorganization/restructuring.
Our Insolvency team works in tandem with our corporate, litigation and finance specialists when representing a creditor or debtor in an insolvent situation.
Our insolvency services also include:
- giving practical strategies from both a legal and tax perspective to maximize your outcomes during business downturn
- advising on pre-steps before liquidation, reorganization or a business carve-out to avoid mandated bankruptcy
- handling crisis management during the proceedings to retain core business value
- representing creditors or debtors to negotiate pre-bankruptcy composition of debts
- handling bankruptcy or rehabilitation proceedings inside and outside of court
