EU LAW FIRM provides legal assistance to companies in bankruptcy and insolvency proceedings.
EU LAW FIRM provides legal assistance to companies in bankruptcy and insolvency proceedings.
We provide full legal assistance to all types of companies to ensure full protection of the company's rights.
In case your company has any of the following signs of insolvency, please contact the insolvency lawyers of EU LAW FIRM - info@eulawfirm.eu
- it has not been possible to enforce a court decision on the recovery of a debt from a debtor by applying enforcement measures;
- the debtor - a limited liability company or a joint stock company - has not settled one or more debts, the principal amount of which individually or in total exceeds LVL 3,000 and for which the due date has expired, and the creditor or creditors have issued or sent a notice paid by the sender for its intention to submit an application for insolvency proceedings of a legal person, and the debtor has not paid the debt or has not raised substantiated objections to the claim within three weeks after the delivery of the notice to the postal merchant;
- the debtor has not settled one or more debts, of which the amount of principal debt individually or in total exceeds LVL 1,500 and for which the due date has expired, and the creditor or creditors have issued or sent to the debtor's registered office a warning regarding its intention to submit an application for insolvency proceedings of a legal person, and the debtor has not paid the debt or has not raised substantiated objections to the claim within three weeks after the transfer of the warning to the debtor;
- the debtor has not paid the employee in full any remuneration, compensation for damage due to an accident at work or an occupational disease or has not paid the compulsory social security contributions within two months of the date fixed for payment. If the employment contract does not specify a pay day, this day shall be deemed to be the first business day of the following month;
- the debtor is unable to settle debts that are due;
- according to the financial statements at the beginning of the liquidation, the debtor does not have sufficient assets to satisfy all justified claims of creditors, or this circumstance becomes apparent during the liquidation.
