Running a business involves a great deal of risk. Numerous liabilities are incurred in the course of operating or financing activities, which in principle are necessary in order to achieve the investment objective. It is impossible to run a company and not incur any commitments.
Some of them arise involuntarily, by operation of law, such as mandatory ZUS contributions or tax liabilities. The etiology of debt formation and the inability to repay them on time is very complex. However, when a state of insolvency occurs, it is worth using bankruptcy proceedings. It is the answer to the question of how get rid of debts enterprises.
Insolvency proceedings of a company in the form of liquidation leads to the sale of assets the company and the allocation of the funds obtained to cover costs proceedings and repayment of liabilities. Nevertheless, it is an extremely common phenomenon that the liabilities of the company significantly exceed the assets of the company. So what happens to the unpaid liabilities? Does the debtor have to settle them after the bankruptcy proceedings are over? Not necessarily. There are tools that can help you write off the remaining liabilities and free yourself from having to repay them.
Our experts will advise you on what needs to be done to achieve this and when, and will prepare the relevant documents for you.
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