Apply for bankruptcy in Lithuania
In Lithuania, businesses facing economic distress, financial challenges, or unable to meet debt obligations may opt for bankruptcy. By declaring bankruptcy, companies have the opportunity to reorganize their operations and seek protection from creditors in order to regain their financial stability.
Our knowledgeable team and empathetic approach offer extensive support and advice during the bankruptcy process. Take advantage of our professional guidance and individualized assistance, customized to fit your specific situation. We will help you with paperwork, legal representation, and creating a financial rehabilitation plan.
Bankruptcy application and assistance
The group of experts helps you explore your choices and choose the most suitable solution for your specific circumstances when declaring bankruptcy in Lithuania. Trust us to handle the complexities of the process, ensuring you have financial stability and peace of mind. Below are various ways to file for bankruptcy in Lithuania, as well as the ways our organization can assist you.
Voluntary bankruptcy
If you are unable to meet your debt obligations, you can initiate the process of declaring voluntary bankruptcy. Regardless of your choice to pursue voluntary insolvency, our specialists provide you with professional guidance as you assess your financial situation.
Creditor petition
In certain situations, creditors may file a bankruptcy petition when the borrower does not meet their repayment obligations. In this case, our role as your lawyer is to advocate for your rights and negotiate with creditors on your behalf.
Reorganization and debt restructuring
The team focuses on crafting thorough financial rehabilitation strategies. We will collaborate with you to evaluate your debts, engage in negotiations with creditors, and devise a viable repayment plan that enables you to achieve financial stability once again.
Legal representation
The team provides thorough legal support, giving you a committed group of experts who are knowledgeable about the complexities of “Lithuania’s bankruptcy laws.”
Company liquidation
In some cases, liquidation might be the best option for a business facing difficulties. Our specialists will assist you with the liquidation procedure, ensuring that all legal regulations in Lithuania are followed. We will help you close your company’s operations, allocate assets to creditors, and manage any outstanding legal and financial responsibilities. Our aim is to facilitate the process in a way that minimizes stress and allows you to concentrate on what comes next.
Alternatives to bankruptcy
When encountering financial difficulties, bankruptcy isn’t the sole solution. At our expert solutions, we recognize that looking into alternative options can lead to financial recovery without resorting to insolvency. In Lithuania, two potential alternatives are debt agreements and personal insolvency agreements. Allow us to assist you in navigating these choices and identify the best solution for your situation.
Debt agreements
We focus on debt negotiation and serve as your intermediary, collaborating with your creditors to lower interest rates, extend payment periods, and possibly decrease the total debt amount.
Personal insolvency agreements
The team helps you create a detailed proposal that considers your financial circumstances and outlines a feasible repayment strategy. We will engage in negotiations with your creditors for you, aiming to secure their approval for the suggested terms.
Importance of guidance and consultation
Make informed financial choices by understanding the significance of speaking with a debt adviser prior to making any significant decisions. We highlight the importance of obtaining professional advice to tackle daunting financial obstacles. When you consult with a debt adviser, you receive expert evaluation, customized advice, thorough guidance, legal and financial knowledge, and emotional support. Our dedicated team of debt advisors reviews your individual circumstances, provides personalized solutions aligned with your goals, and helps you evaluate the pros and cons of various debt relief options. They can assist you in making choices that protect your rights, maximize your advantages, and pave the way for a more secure financial future. Reach out to a debt advisor today to avoid facing financial challenges alone.
Contact us
Are you ready to take control of your financial future? Book a consultation with our experienced team today! Our dedicated professionals are ready to offer tailored guidance that fits your specific situation. To arrange your appointment, simply fill out the form below, and one of our qualified specialists will reach out to you shortly. Begin your journey towards financial recovery now; don’t delay any further!