Bankruptcy Law & Business Reorganization Procedures

Our Bankruptcy & Insolvency Law Services

Our firm seamlessly covers the entire spectrum of judicial and administrative proceedings mandated by the Greek Insolvency Code:

1. Corporate Rehabilitation, Restructuring & Reorganization

We heavily focus on preventative actions to save viable business entities before they lapse into definitive bankruptcy:

• Pre-Insolvency Restructuring Procedures: Executing the statutory process for incorporating distressed businesses into preventative rehabilitation frameworks (such as the former Article 99 mechanisms and modern pre-bankruptcy restructuring tools), aimed at securing swift judicial ratification of the debtor-creditor agreement.

• Drafting Reorganization Plans: Formulating, structuring, and negotiating comprehensive corporate reorganization plans, securing the necessary statutory majorities among creditor classes, and enforcing critical judicial stay orders (freezing asset seizures and enforcement measures).

• Insolvency Compromise Agreements: Actively negotiating and drafting formal out-of-court or in-court compromise protocols between the corporate debtor and the assembly of creditors to enforce structured debt write-offs and extended payment terms.

2. Bankruptcy Filings & Specialized Insolvency Litigation

We meticulously process all mandatory judicial actions across every stage of the formal bankruptcy pipeline:

• Petitions for Bankruptcy: Drafting, filing, and legally supporting petitions for bankruptcy, encompassing voluntary filings (debtor-initiated due to cessation of payments) and involuntary filings (creditor-initiated to declare a defaulting debtor bankrupt).

• Revocation of Bankruptcy Rulings: Constructing and filing petitions for the formal revocation, amendment, or modification of existing bankruptcy decrees when factual commercial circumstances change or statutory criteria are met.

• Insolvency Objections, Interventions & Verification of Claims: Prosecuting formal third-party objections (anakopes) against adverse bankruptcy rulings, filing legal interventions, and handling the Verification of Claims (epalithefsi) to officially establish our clients’ financial credits within the bankruptcy estate.

3. Asset Liquidation, Estate Management & Reclamation Claims

We deploy immediate safeguards to protect physical assets and specific in-rem property rights:

• Administration & Liquidation of the Bankruptcy Estate: Providing strict legal oversight and tracking the work of the appointed insolvency administrator (syndikos), ensuring the transparent, lawful, and high-yield liquidation of corporate assets.

• Insolvency Reclamation Claims: Executing targeted legal actions for the extraction, reclamation, and return of specific physical assets or values from the bankruptcy estate, such as unpaid inventory/commodities, commercial consideration, or negotiable instruments (checks, bills of exchange) legally belonging to third parties.

4. Bankruptcy Rehabilitation & The “Second Chance”

• Debtor Rehabilitation: Initiating and monitoring the legal pipeline for the formal rehabilitation (apokatastasi) of the good-faith bankrupt debtor. This ensures the comprehensive discharge of remaining corporate or personal liabilities, officially granting the entrepreneur the legal right to re-enter commercial and corporate activity completely unencumbered.