Legal Support and Protection of Parties in Bankruptcy Proceedings
The bankruptcy process is one of the most complex legal mechanisms in the field of commercial law. For the debtor, it represents a chance to restore financial stability or exit a crisis without reputational damage. For the creditor, it is an opportunity to enforce the right to debt recovery. However, both parties face numerous legal challenges where every mistake can cost millions.
PRAGNUM provides comprehensive legal support in bankruptcy cases, ensuring full protection of the rights and legitimate interests of clients — both debtors and creditors.
Legal Support in Bankruptcy
When is a bankruptcy lawyer needed?
Legal assistance is required in any of the following cases:
- the company has significant debts and is unable to fulfil obligations to creditors;
- a creditor seeks to initiate bankruptcy proceedings to protect their interests;
- an insolvency-related court process is underway;
- there is a risk of asset loss, loss of corporate control, or criminal liability for company executives.
What are the risks of proceeding without professional legal support?
Without an experienced bankruptcy attorney, the client risks:
- losing control over assets;
- becoming subject to financial sanctions, asset freezes, or enforcement actions;
- facing biased treatment in court;
- missing the opportunity for a peaceful settlement with creditors;
- receiving a court decision that does not account for their interests.
Key aspects of legal support
For debtors:
- preliminary audit and development of an action strategy;
- preparation and filing of a bankruptcy petition;
- asset protection and challenge of unlawful creditor claims;
- participation in negotiations, conclusion of a settlement agreement, development of a rehabilitation plan.
For creditors:
- support in filing a petition to declare the debtor bankrupt;
- inclusion in the creditors’ claims register;
- control over the actions of the insolvency officer, ensuring fair distribution of assets;
- challenge of illegal actions by the debtor or other participants in the process.
Bankruptcy Lawyer in Kyiv – Order Legal Services Online
Protection of Debtor Rights
Consultation on lawful risk mitigation methods
A financial crisis is not a verdict if strategic steps are taken. Our lawyers analyse your obligations, assets, and contractual risks, and help you:
- avoid unnecessary losses;
- prepare an effective plan for pre-trial settlement;
- conduct negotiations with creditors with a focus on favourable restructuring.
Court Representation
PRAGNUM provides professional representation of debtor interests in commercial courts:
- preparation of petitions, motions, objections, and complaints;
- participation in hearings;
- support in asset management, rehabilitation, or liquidation procedures.
Working with creditors, protection from unlawful claims
Our team protects clients from:
- baseless lawsuits and creditor pressure;
- unlawful penalty accruals, fines, or double recoveries;
- abuses in asset sale or claim enforcement procedures.
We know how to protect company reputation and prevent abuse even in the most critical situations.
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Comprehensive Legal Support in Bankruptcy – Kyiv
Protection of Creditor Rights
In bankruptcy proceedings, creditors often face difficulties in debt recovery: delays in registration, artificial asset undervaluation, bad-faith conduct by the debtor or insolvency officer. PRAGNUM’s attorneys work closely with clients to restore fairness and minimize losses.
Debt Recovery Assistance
We provide legal support at all stages of debt recovery:
- analysis of the debtor’s financial condition to assess real recovery prospects;
- preparation of evidentiary base to justify claims;
- proper filing of claims for inclusion in the creditor registry;
- representation at creditor meetings and control over liquidation or rehabilitation procedures.
Legal mechanisms to recover financial losses
Our lawyers employ a wide range of legal instruments:
- seizure of debtor’s property and identification of hidden assets;
- initiation of court proceedings to declare certain debtor transactions invalid if detrimental to creditors;
- appeal against unlawful decisions or actions of the insolvency officer;
- support of settlement procedures if this ensures faster debt repayment.
Judicial Representation and Support During Bankruptcy
As part of the judicial protection of creditor interests, PRAGNUM’s team:
- represents the client in commercial courts of all instances;
- communicates with the insolvency officer, court, and other process participants;
- controls the asset management process, including inventory, valuation, and asset sale;
- ensures the client’s participation in all major votes during creditor meetings.
Debtor Rights Protection in Kyiv by an Experienced Legal Team
Frequently Asked Questions (FAQ)
1. Can bankruptcy be avoided?
Yes — in many cases, bankruptcy is not the only solution. Depending on the circumstances, it is possible to:
- restructure the debt through an agreement with creditors;
- initiate rehabilitation (sanation) under court supervision;
- conclude a settlement agreement, which allows case closure by mutual consent.
Our lawyers always assess the possibility of avoiding bankruptcy and help implement alternatives if appropriate.
2. How does the legal support procedure work?
The process of legal support at PRAGNUM consists of clear stages:
- Consultation — collection of information and preliminary analysis;
- Strategy development — defining the best course of action based on client interests;
- Document preparation — drafting petitions, claims, court materials;
- Court participation — representation in court, at creditor meetings, etc.;
- Execution control — support until all procedures are completed.
3. What rights do debtors and creditors have?
Debtor’s rights:
- file for their own bankruptcy;
- propose a rehabilitation plan or settlement agreement;
- challenge unlawful actions of the insolvency officer or creditors;
- participate in all court and pre-court procedures.
Creditor’s rights:
- initiate bankruptcy proceedings;
- be included in the creditors’ registry;
- influence the selection of the insolvency officer;
- vote on the rehabilitation plan or settlement agreement;
- appeal illegal decisions or actions of the debtor or other parties.
Affordable Professional Creditor Protection in Kyiv
Why choose PRAGNUM?
- Comprehensive approach — from consultation to full legal representation;
- Deep expertise in bankruptcy cases;
- Legal protection of both debtors and creditors;
- Extensive experience in complex matters;
- Strategic vision with consideration of financial, reputational, and legal perspectives;
- Tailored approach — each case is unique;
- Full confidentiality — your data, documents, and business interests are fully protected.
Don’t delay — contact PRAGNUM now.
In bankruptcy, not only legality but also speed, precision, and strategic action matter. That’s what the Kyiv-based bankruptcy law firm PRAGNUM delivers. We know how to defend client interests even in the most critical moments. Leave a request — we’ll support you during the most challenging and decisive moment for your business.
Don’t postpone — engage our legal team now.
Our bankruptcy attorney services in Kyiv will help you:
- protect your business in a crisis;
- settle or recover debts;
- go through bankruptcy with minimal losses.