Reorganization, Liquidation & Bankruptcy

We provide advisory on matters related to the reorganization, restructuring and liquidation of businesses.

Our lawyers advise firms that find themselves in difficult situations and that have worrying financial results that could lead to a fall in the firm's worth or threaten its ability to continue as a going concern. We provide the owners and management of such firms with assistance concerning all types of mergers, divisions and transformations.

Our lawyers carry out analyses of the company's financial situations, reviews of its legal affairs and also analyze and assess restoration programs. We make restructuring propositions, run bankruptcy and restoration proceedings and negotiate on our client's behalf.

We also advise on liquidation proceedings involving companies and other legal entities.

Pop & Asociatii represents clients seeking to acquire companies or assets involved in insolvency procedures and assists Romanian and foreign companies in dealing with bankruptcy and insolvency procedures.

SCA Pop & Asociatii assists companies in the negotiation of restructuring and debt consolidation agreements and large enterprises in the preparation of restructuring and reorganization plans of distressed companies.

In particular, we advise on:

• Bankruptcy prevention: assistance with analysis of financial situation: failure to pay current liabilities out of current assets, security interests and their enforceability under Romanian or foreign laws; drafting of documentation: conciliation protocol, restructured debt agreements, credit documentation, transfers of claims and equity, security interests; assistance to and representation of bank creditors, note holders, credit insurers and suppliers in restructuring negotiations and in pre-bankruptcy processes aimed at reaching an amicable settlement
• Liquidation and bankruptcy procedures
• Assistance in connection with reorganization
• Restructuring and consolidation of debts
• Reorganizations of distressed companies

Experience of our lawyers:

• representation and assistance of creditors and debtors
• filing of claims
• analysis of reorganization plans and their consequences to creditors
• procedural follow-up, in the case of liquidation proceedings
• litigation involving lender's or manager's liability
• restructuring and recovery
• amicable proceedings: amicable settling
• preparation and negotiation of plans for divestiture and continuation of businesses