In the conventional self-administration or debtor-in-possession regime, the parties involved in a restructuring may prepare an insolvency plan and submit it to the creditors and the court in charge. In protective shield proceedings this is mandatory and must take place within three months of filing the petition. Insolvency plans may also be used as restructuring instruments in regular insolvency proceedings. The insolvency plan is basically a settlement between the insolvent company and its creditors.
Our focus areas in insolvency planning are:
Back to outline