Services Magrat

Bankruptcy Application

The need to file for bankruptcy

The state of insolvency of the company, which is not temporary, imposes on the management of the company the obligation to file a bankruptcy application in accordance with the norms of the law with the Estonian judicial authorities.
Failure to fulfill this obligation may result in material liability of the members of the board if it causes damage to third parties.

Processing of company’s records to obtain the data necessary for filing a bankruptcy application
Accounting services
Representing the interests of the client in the course of the court proceedings
Payment of the application fee

Advising the client on the matters related to the bankruptcy of a company
Filling of the bankruptcy application
Providing the client with the necessary instructions for the application to the court

Information about the financial state of the company, as well as the reasons for the insolvency occurrence in the company
Providing of all the necessary supporting documents

In the presence of all the necessary data and documents the application, as a rule, can be processed within 5 working days, but the period always depends on the amount of data.The court considers the application within 10 working days, but the period, if necessary, can be extended up to 30 days.

Available for an extra fee

Processing of company’s records to obtain the data necessary for filing a bankruptcy application
Accounting services
Representing the interests of the client in the course of the court proceedings
Payment of the application fee

Included

Advising the client on the matters related to the bankruptcy of a company
Filling of the bankruptcy application
Providing the client with the necessary instructions for the application to the court

Main requirements

Information about the financial state of the company, as well as the reasons for the insolvency occurrence in the company
Providing of all the necessary supporting documents

Timing

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Bankruptcy Application

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