Judiciary reorganization / liquidation

Upon the creditor or the debtor's request, the Court could declare a company insolvent and appoint an insolvency practitioner to administrate the procedure. The company then becomes subject of a judiciary reorganization or liquidation procedure.

Our purpose as judiciary administrators is to identify and exploit the opportunities the insolvent business has in order to be rescued as a going concern, achieving a more advantageous realization of the assets than would be possible under the liquidation procedure. It is the administrator's task to asses the amounts distributed to the creditors under the reorganization plan and those that would be obtained by selling the assets under the liquidation procedure, and recommend the best solutions to satisfy the claims.
The judiciary liquidation is a process under the creditors and Court control, whereby a company has its assets realized and distributed to satisfy, as far as possible, its liabilities and repay shareholders. This is also a terminal process, followed by the dissolution of the company.

The key challenge for an insolvency practitioner under the insolvency procedure is to act quickly and judiciously to identify and implement the best solution, in order to realize as much of the company's assets as possible