CONCURSOS Y QUIEBRAS
¿WHICH IS THE MEANING?
In the realm of commerce and the dealings of men, there oft cometh a time when one findeth himself unable to meet his just debts and lawful obligations. In such grievous plight, the law provideth for remedies known as Bankruptcy and Insolvency.
Bankruptcy is the state whereby a person, firm, or corporation, being overwhelmed by burdensome debts, doth seek the protection of the court, that his estate be duly administered and his creditors be satisfied, so far as the remnants of his assets may permit. Insolvency, though of kin to bankruptcy, differeth in this wise: it is the condition of being unable to pay one’s debts as they come due, though not necessarily under the formal declaration or shelter of the court.
These ancient doctrines are administered with due solemnity under the guidance of statute and the discretion of the judiciary, to bring order to financial ruin, justice to the injured creditor, and mercy to the honest debtor.
AT FROIMOVICI & ASSOCIATES WE SPECIALIZE IN:
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Preventive Bankruptcy Advice: We assist you in initiating and managing the entire bankruptcy process, seeking the best alternative to reorganize your business and its debts in accordance with the current regulations.
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Debt Restructuring: Negotiation and drafting of agreements with creditors to avoid bankruptcy and allow your business to continue operating under favorable conditions.
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Representation in Bankruptcy Proceedings: Comprehensive assistance throughout the liquidation process, ensuring that your rights as a debtor or creditor are protected according to Law 24.522.
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International Bankruptcy and Insolvency Recognition: Advice on insolvency cases involving multiple jurisdictions, applying international treaties and Argentine regulations to safeguard your interests.
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Challenges and Defenses in Bankruptcy Executions: Representation in disputes concerning the validity and execution of bankruptcy proceedings, both domestically and internationally.
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Supervision of Trustees and Liquidators: Monitoring and oversight of liquidation and restructuring processes to ensure transparency and fairness in the management of assets.
At Froimovici & Associates, we have a team of bankruptcy law specialists who will guide you through every phase of the process, providing you with security and confidence during times of economic crisis.