Insolvency And Bankruptcy Law

A specialized team of insolvency & bankruptcy lawyers in Mumbai contact us to help you navigate the complexity of insolvency and bankruptcy law. If you have to cope with personal bankruptcy or corporate insolvency, We are backed with team of skilled professionals advocates, ready to assist you legally even for complicated situation and to bail you out. We handle various type of liquidation and bankruptcy case and have vast experiance. 

Liquidation
Similar to closure, liquidation describes the process of dividing up a company’s assets among claimants. Asset liquidation can be either voluntary or compelled. Our top Insolvency & Bankruptcy lawyers in Chennai at Wintrustlegal provide services related to insolvency and liquidation proceedings.

Receivership
If the business doesn’t make loan payments, secured creditors may use receivership as a remedy to recoup sums owed under a secured loan. We also provide receivership services at our law firm.

Debt Restructuring
When a creditor modifies the conditions of your loan arrangement so that you can handle the payments better, this is known as debt restructuring. This can entail extending the loan’s maturity date, paying less in interest, or even lowering the total amount owed. We provide advice to our clients on corporate insolvency and debt restructuring.

Voluntary Administration
In the run-up to creditors’ decisions regarding the firm’s future, the voluntary administrator has all the authority of the company and its directors, including the authority to sell or close the company’s business or sell specific assets. We assist our clients with voluntary administration.

Creditors' Voluntary Liquidation
When the members or shareholders of a corporation decide that it can no longer pay its debts and that it is bankrupt or soon to become insolvent, a creditor’s voluntary liquidation takes place. Our Insolvency & bankruptcy advocates in Chennai thereby enable our clients to go through the process of voluntary liquidation.

Members' Voluntary Liquidation
A Members’ Voluntary Liquidation is a tax-effective approach to wind down a Company that has served its purpose. The company must have enough assets to cover its liabilities in order to be solvent. The company must be capable of paying off its debts within a year. We provide services related to members’ voluntary liquidation.

Compulsory Liquidation
A court-based process known as compulsory liquidation (or winding up) allows for the realization and distribution of a company’s assets to its creditors. An official petition must be filed with the court (sometimes known as “presenting” the petition). We also provide services related to compulsory liquidation.

Scheme of Arrangement
A corporation in financial problems might use the Scheme of Arrangement method to come to a legally binding agreement with its creditors to repay all or part of its obligations over a predetermined period of time. We provide a scheme of arrangement services to our clients.

Debt Recovery
(a) the defendant’s arrest and incarceration.
(b) the attachment and sale of the defendant’s personal property; and (c) the designation of a receiver to oversee the defendant’s real estate holdings.

Fraudulent Conveyance
A fraudulent conveyance occurs when the title to real estate is transferred with the intent of protecting it from a known creditor. The creditor may file a lawsuit to challenge the transfer in such a situation.

Preferential Payments
Prior to filing for bankruptcy, creditors may get payments known as “preferential payments,” which allow them to receive more money than they otherwise would have been able to.

Bankruptcy Litigation
When a person declares they are unable to repay their debts to creditors, bankruptcy is a legal procedure that takes place.