Bankruptcy Postponement and Concordat
We provide legal solutions for rescuing companies in financial difficulty.
What is Concordat?
Concordat is a legal process that allows companies in payment difficulty to restructure their debts.
Concordat Process
- Concordat application
- Provisional moratorium (3 months)
- Final moratorium (1 year, extendable)
- Concordat project
- Creditors meeting and voting
- Court approval
Benefits
- Protection from bankruptcy
- Debt restructuring
- Business continuity
- Employee protection