Enforcement and bankruptcy law is a branch of law concerned with enabling creditors to collect their receivables through the power of the state and with regulating debtors’ financial situations within a legal framework. The principal source of this field is the Enforcement and Bankruptcy Law No. 2004.
Within enforcement law, there are proceedings with and without judgment, attachment procedures, payment orders, and avenues of objection and complaint. Where a debtor fails to pay, creditors may initiate enforcement proceedings to pursue collection through lawful means. Debtors, in turn, may exercise their rights of objection and litigation against unjust or improper proceedings.
Bankruptcy law generally comes into play where real or legal persons engaged in commercial activity fall into financial difficulty. Bankruptcy is a collective enforcement route aimed at liquidating all of the debtor’s assets and distributing them to creditors. The institution of composition (concordat) allows a debtor to restructure their financial situation before bankruptcy.
Because enforcement and bankruptcy processes involve technical detail, acting in accordance with time limits and procedure is of great importance. Attachment, sale, ranking schedules, removal of objections and negative declaratory actions are among the core disputes of this field.
What we offer
- Enforcement proceedings for unpaid debts
- Objections to unjust or improperly initiated proceedings and actions for annulment of proceedings
- Proceedings without judgment for rent receivables and eviction through enforcement
- Commercial proceedings for the collection of company receivables
- Asset declaration and liability actions against directors of debtor companies
- Resolution of disputes arising from banks’ loan agreements
- Cases relating to enforcement and bankruptcy offences
- Negative declaratory and restitution actions
- Attachment, precautionary attachment, custody and pledge procedures
- Realization of pledged receivables and objections to ranking schedules
- Composition (concordat) applications and conduct of bankruptcy postponement and liquidation processes
- Disputes arising from mortgage and pledge