Legal · Tax · Restructuring

Restructuring and insolvency

When money runs short: out-of-court deals with creditors, preventive restructuring, restructuring in court and, where rescue no longer makes sense, bankruptcy. We also act for creditors. One plan for the law and the numbers.

KONFRERO Insolvency k.s. is a separate company that acts as an insolvency trustee in Slovak insolvency proceedings. In proceedings where it is appointed, we do not act for any party.

Every matter starts with a written proposal on scope and fee. Services can be combined.

Typical matters in this area

Out-of-court and preventive restructuring

Cash is running short and creditors are pressing

What this helps you avoid Creditor pressure turning a cash problem into insolvency.

What is included

  • Liquidity review
  • Standstill and creditor negotiation
  • Restructuring plan, confirmed by court where needed
Details

Not included in the price

  • Court fees
  • Fees of persons appointed by the court

What affects the price

  • Number of creditors
  • Whether court confirmation is needed

Pricing

Hourly, with a cap

Discuss this matter
Reorganisation in court

Insolvency is on the table, but the business can survive

What this helps you avoid Bankruptcy of a business that could have been saved.

What is included

  • Viability assessment
  • Petition and reorganisation plan
  • Creditor negotiations and vote
Details

Not included in the price

  • Court fees and the advance on costs
  • Insolvency trustee's opinion and fees

What affects the price

  • Number of creditors
  • Complexity of the plan
  • Contested votes

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter
Creditor representation

A key customer or supplier is insolvent

What this helps you avoid Losing your claim to a missed filing deadline.

What is included

  • Claim filing
  • Creditors’ committee
  • Avoidance actions and recovery
Details

Not included in the price

  • Court fees in avoidance actions

What affects the price

  • Number of proceedings
  • Whether avoidance actions are needed

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter
Director liability review

The directors are worried about liability

What this helps you avoid Personal liability for decisions taken while the company was in trouble.

What is included

  • Duty assessment
  • Board records
  • Action plan
Details

Not included in the price

  • Representation in proceedings against the directors

What affects the price

  • Number of directors and companies
  • Period under review

Pricing

Fixed once the scope is agreed

Discuss this matter
Debtor's bankruptcy filing

The company is insolvent and rescue no longer makes sense

What this helps you avoid Personal liability of the directors for a petition filed late or not at all.

What is included

  • Insolvency test and the filing deadline
  • Bankruptcy petition with lists of assets and liabilities
  • Working with the trustee during the bankruptcy
Details

Not included in the price

  • Advance on the trustee's fee or the costs of the proceedings

What affects the price

  • Number of creditors and contracts
  • State of the accounts and records

Pricing

Hourly with a cap for each stage, or statutory tariff

Discuss this matter

Documents for your internal approval. What you can take to your board, CFO or bank before anything is signed.

  • Engagement letter: scope, fee, dates
  • Contract for legal services
  • Conflict check confirmation
  • The lawyer assigned to work with you
  • Professional liability insurance certificate

Contact

Tell us what is going on.

Or write directly

office@konfrero.com+421 948 209 013
BratislavaPlynárenská 1, 821 09 Bratislava
Slovakia
PraguePod dráhou 1637/2, 170 00 Praha 7
Czech Republic
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