We always prioritize the restructuring of companies but when our services are requested too late, we make sure that the best value of the assets is obtained in order to satisfy the creditors’ claims as much as possible.
The services offered by GMC Insolvency Office are among the most varied in the field and include both judicial (judicial administration/liquidation) and extra-judicial proceedings:
- Preventive Agreement – is addressed to companies that are not yet insolvent but have difficulties in paying their debts. It is a judicial procedure that offers protection against individual foreclosures. The company in difficulty can benefit from our specialists’ experience in restructuring a business while payments to creditors can be deferred.
- Ad-hoc Mandate – is addressed to companies that encounter difficulties generated by economic, financial or operational situations. It is a judicial procedure that allows our specialists to negotiate with creditors the ways to recover the company while the entire procedure remains non-invasive, confidential, and with minimal impact on ongoing contractual relations.
- Judicial reorganization – intended for companies already in a state of insolvency (installed or imminent) due to various causes generated by internal factors (such as those related to management) or external to the company (such as those related to the context of the markets or the economic situation in general). The services we consider for each case differs depending on each situation: this can start from the observation period, a comprehensive analysis of the company’s activity and the design and execution of a reorganization plan. Solutions can be simple or complex but, in all cases, just as easy to design and be implemented by our specialists such as: structuring the reorganization plan, selling non-core assets, selling shares, divisions, mergers, obtaining insolvency financing, negotiating with creditors, business transfer, and others.
- Bankruptcy – a last stage, in which our specialists will ensure that the capitalized assets will achieve the best value, recovering all receivables and using all rights, litigious or not, that the company may have.
- Voluntary winding-up – when a company has achieved its purpose for which it was created or simply the shareholders want its business to cease.
- Additionally, in stages preceding a possible insolvency we offer extensive services that include, but are not limited to, detailed analysis in which we identify risk factors for the business, recovery solutions and preparation of restructuring plans. We also provide assistance in obtaining funds to ensure the necessary working capital or for new acquisitions and advice in concluding the most diversified of transactions.
The difficulties that a company can face are numerous and the causes that determine them are diverse. The solutions for successful recovery or exit from a stalemate always come from teams of professionals who know how to identify and implement them in time – and this is our specialty because we turn difficulties into opportunities and our approach makes all the difference.
