Insolvency

A large debt burden for a company can significantly affect its future operations, destroying the level of trust of both customers and cooperation partners. In the case of an individual, however, accumulated debt significantly worsens the quality of life. Therefore insolvency is the best way to stop debt collection, get out of the "sea" of debt, and continue a full work/private life.

Insolvency – a state determined by a court judgment when a legal entity or private individual is unable to settle its financial obligations within a specified period of time.

Insolvency is one of the specializations of the law firm "MP". Our team consists of strong and experienced professionals, lawyers and advocates who will help you get rid of debts and restore your solvency. In addition, there is no insolvency administrator in our team, so the protection of your interests as a debtor will be even more efficient and objective.

Insolvency process

The team of the law firm “MP” specializes in insolvency legal protection issues, including the preparation of creditor claims, representation in disputes with insolvency administrators, representation of clients at creditors’ meetings, identification of disputable transactions, preparation of TAP, out-of-court legal protection processes. The firm has experience in organizing insolvency proceedings for individuals. The firm’s team does not include any insolvency administrators, therefore the firm’s lawyers ensure even better and more objective protection of interests.

We:

  • we will provide detailed advice on insolvency issues,
  • we will represent companies in the areas of credit restructuring, local and cross-border insolvency,
  • we will defend in insolvency proceedings, as well as at creditors' meetings and quickly identify any disputed transaction,
  • we will prepare an insolvency application, legal protection process documentation,
  • we will represent the company in bankruptcy proceedings,
  • we will restore the company's operations or prepare documents for rehabilitation,
  • we will carry out debt restructuring,
  • we will represent you in out-of-court legal protection proceedings.

    Consultations with leading Latvian lawyers

    The lawyers of the law firm “MP.” have extensive experience in resolving various legal issues and handling complex cases.