Let's spare you and your business from debts, Bankruptcy PI

I often get interested in acquaintances who have their own business, what will happen if I have to deal with the bankruptcy procedure, where to turn, what should I concentrate on? Feelings that cause these issues are not groundless, and such feelings are familiar to me as a specialist in the field of bankruptcy procedures. In this note I would like to describe the main points regarding the procedure for bankruptcy of an IP.

We will not discuss in detail the prerequisites, but we turn to the actual result. Thus, if your company faces bankruptcy, you should be aware that, in general, the stage from the publication of a message in official sources to the certificate of removal of an individual entrepreneur / legal entity from the state register is controlled by a special law of the Russian Federation on insolvency (bankruptcy).

First, you need to find a competent arbitration manager, he will be able to ensure compliance with the stages, deadlines, and, importantly, - control accounts for receivables and other types of debt. By the way, the arbitration manager is appointed by the court, which usually helps the liquidating individual entrepreneur.

Liquidation of a legal entity that is conducted by an experienced person will allow you to write off a debt, recover a debt, arrange a deferral and execute a number of other important processes that are related to bankruptcy.

Summarizing all of the above, I can only say one thing: do not save on the services of the manager, because, specifically from his experience, and what to hide, business ties with the governing bodies depends the speed of the process. If you do not want to load the burden of the debtor, you need to speculate about the need for such specialist services.

I am often interested in acquaintances who are engaged in business, what will happen in case it will be necessary to cope with the procedure of bankruptcy, in what instances should I apply, on what should I stress? The fears that cause the appearance of these problems are not groundless, and similar feelings are close to me as a specialist regarding the bankruptcy procedure. In this publication, I would like to describe the main points about the process called the bankruptcy of IP.

I do not want to consider the prerequisites in detail, but we will proceed directly to the results. So, if your company is threatened with ruin, it should be remembered that the whole process from the announcement in different media to the confirmation of the exclusion of a legal entity / individual entrepreneur from the state register is controlled by a separate law of the Russian Federation on bankruptcy.

First, it is important to find a competent arbitration manager, he will be able to ensure compliance with processes, dates, most importantly - control accounts for accounts receivable and other types of debt. By the way, the arbitration manager is appointed by the court.

It is clear that the cost of bankruptcy depends on many indicators that are estimated by the manager, most often, while acquainting with the legal, accounting documentation of the liquidated IP. A similar procedure is envisaged for LLC. But we need to realize that bankruptcy of LLC will cost more because of the scale of the legal entity.

Liquidation carried out by a professional manager will allow you to write off a debt, help with a delay and perform a number of other significant procedures related to bankruptcy.

Summarizing all of the above, one can say just one thing: one should not stint on the services of a manager, because exactly from his professionalism, and what to hide, reliable links with controlling bodies, the speed of the bankruptcy process depends. If you do not want to take over the burden of the debtor, you have to speculate about the need to use the services of an arbitration manager.