Enterprise sanation – specifics
Corporate sanation (financial rehabilitation) is carried out to prevent the debtor from being declared bankrupt and has a number of specific features.
The decision to proceed with sanation is made by the creditors' committee composed of competing creditors (in the general procedure) or by the head of the debtor company (in the simplified sanation procedure).
Enterprise sanation is the choice of the optimal way to satisfy creditors' claims.
The creditors' committee always faces an informed choice of which path to take and which correct decision to make: to combine the debtor's capacities with a profitable business or to attract an investor to strengthen its position, thereby preventing financial insolvency? In practice, there are many more viable solutions, but in each specific case they are individual in nature.
Our specialists will help you go through the enterprise sanation procedure in Kyiv, devise a global strategy, apply effective tactics and take all actions aimed at the financial recovery of the debtor company.
Ultimately, this leads to positive results, and creditors' claims will be satisfied.
To choose the optimal financial recovery option, creditors need complete information about the debtor, the lack of which indicates shortcomings at the initiation stage of the bankruptcy proceedings. Since many matters may be closed to the public, professional help is indispensable.
The enterprise sanation service in Dnipro includes working through the important aspects that will help strengthen financial stability
During sanation, the debtor's business assets must not lose their appeal and residual value, so effective management is one of the main tasks facing the creditor (creditors).
Bankruptcy and sanation of an enterprise
All the measures taken must not be piecemeal; they are comprehensive in nature:
- organisational and legal;
- financial;
- production and economic.
It is the implementation of the chosen tactics and effective strategy that determines whether the bankrupt will be fully liquidated or financially rehabilitated with subsequent performance of credit obligations.
The performance of the debtor's obligations and repayment of the resulting debt, followed by financial recovery and the continuation of the company's business activity, is possible only if the sanation programme is strictly followed. An incorrectly chosen strategy can worsen an already shaky position of the enterprise.
Competent support and implementation of the corporate bankruptcy and sanation procedures are impossible without a specialist's professional knowledge in various branches of economics, finance and accounting, and general legal support of every stage of the process.
Understanding the whole procedure and taking into account the specific features of each side ultimately deliver the expected result