The bankruptcy procedure in Ukraine is getting complicated year after year and currently it is regulated rather by judicial practice of the Supreme Economic Court than by law. We keep abreast of this practice and help Clients comply with all the formalities necessary for the effective implementation of this mechanism.

The key task of Pragnum is the maximum possible control over the bankruptcy procedure in order to prevent violations and abuses by the Client’s opponents.

Representing a creditor in bankruptcy proceedings, we initiate the involvement of independent auditors and arbitration managers to the case. A careful analysis of the debtor’s financial condition allows us to contest questionable transactions committed by such debtor and identify signs of bankruptcy (Article 219 of the Criminal Code).

On behalf of the debtor entity, we do everything necessary to protect its owners and managers. Their safety is ensured through reasonable work with assets and liabilities of the company, as well as thought-out interaction with creditors.

The result of bankruptcy is the company’s liquidation and debt remission.