We have been operating in the area of insolvency proceedings for many years, and the new Insolvency Act made us deal with this area even more. Several attorneys in our law firm are insolvency administrators as well. Due to the high requirements placed on this position by the state legislation there aren’t many insolvency administrators in the Czech Republic today, which makes for increased work load for the few who have successfully passed the proficiency exam.
Due to the experience in this area we are capable of providing extensive insight into the Insolvency Law and its workings, either for debtors or creditors. In the case of creditors we provide consultations as well of representation of our clients in the insolvency proceedings. For debtors we are able to advise on the correct and legal course of action after the bankruptcy has been declared, as well as choosing the best option of solving the bankruptcy.