Debt Recovery & Insolvency Procedures

In keeping with our belief that people should be at the heart of any business, we assist companies that choose to go through the complexities of restructuring or closing the company. We help them navigate the complex legal procedures that need to be followed, while helping to ensure that the different populations of the company are listened to and reassured.

Legal services Cerno Law

Supporting small businesses in difficulty

 

  • Solutions to cash flow problems
  • Assistance in applying for financial aid
  • Implementation of partial unemployment (in cases of force majeure or bad weather)
  • Negotiation and drafting of agreements relating to the suspension of the payability of debts
  • Change of the board of directors / management board

 

Non-judicial reorganisation procedures

 

  • Dissolution and voluntary liquidation
  • Pre-bankruptcy advice to employees / suppliers
  • Remedies during the suspect period
  • Out-of-court settlements

 

Insolvency proceedings

 

  • Admissions of bankruptcy
  • Filing of claims (employees, service providers)
  • Claiming of equipment / resale of equipment
  • Liability of shareholders/managers
  • Criminal complaints

 

Court orders

 

  • Trustee / liquidator of companies
  • Trustee and guardian of adults
  • Trustee of vacant estates

 

Link to bankruptcies, as provided by the commercial sections of the district courts: https://www.barreau.lu/faillites