Bankruptcy liquidation proceedings are one of the possible options when a company or person is in a state of irremediable insolvency. These proceedings are conducted before the Courts of Justice.
Some of the reasons why a company enters a state of insolvency are due to adverse conditions in the local or international economy, market changes, increased fixed costs, lack of financing or lack of working capital, bad business decisions or poor management by the partners or controllers, etc.
To file for a Liquidation or Bankruptcy procedure, it is essential to previously work on its planning and implementation, as it may afterwards affect the partners, legal representative, or related persons. After their companies were submitted to liquidation proceedings, our clients —in construction, pharmaceuticals, education, cosmetics, beauty salons, distribution, retail, among other industries— have managed to rise again as entrepreneurs in the same or another field or industry.
PEDRO EGUIGUREN COSMELLI
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