Bankruptcy

When a company is facing financial difficulties and considering bankruptcy as a possible option, it is of great importance to understand the legal process surrounding this complex subject area. NORMA’s team has extensive and diverse experience in bankruptcy administration across all industries and can guide companies considering filing for bankruptcy.

The bankruptcy process is initiated by filing for bankruptcy with the district court. After the bankruptcy is decided, a bankruptcy trustee takes over the administration of the bankruptcy estate, where assets and liabilities are investigated and managed in accordance with current legislation. As bankruptcy trustees, we ensure that every step of the process is carefully followed to ensure a fair distribution of the bankruptcy debtor’s funds and responsible management of the bankruptcy case as a whole.

NORMA’s offer in brief:

• Initial Assessment: Our process begins with an assessment to determine if bankruptcy is the most appropriate route and to identify any alternative routes.
• Bankruptcy Filing and Decision: We guide the company through the process of filing for bankruptcy and explain the legal implications and decisions that follow.
• Trusteeship: As trustees in bankruptcy, we manage assets and liabilities in accordance with current legislation, and we endeavour to ensure a fair and transparent process for all parties involved.

Contact us for further information and to discuss how our services can be customised to your specific needs and circumstances.