Bankruptcy, insolvency and restructuring

Four of our experienced lawyers are regularly appointed as trustees by Romerike and Glåmdal District Court. This work gives us ongoing insight into how bankruptcies and reorganisations are actually handled in practice. Our experience as administrators gives us a particularly good basis for assessing risk, proposing pragmatic solutions and anticipating how creditors will approach a company facing financial challenges. This insight directly benefits our clients.

Insolvency - Restructuring

Advokatfirmaet Halvorsen assists business leaders when the company faces financial challenges, increased payment pressure or the need for extensive restructuring. A limited liability company is obliged to have adequate equity and the company's board is obliged to take action to ensure this. The fact that a board of directors fulfils its duties is not necessarily sufficient for a company to continue operating in times of recession. Our lawyers are an accessible and solution-oriented advisor who follows the company throughout the entire process - from the first signs of liquidity challenges to a lasting solution, whether based on restructuring, refinancing or liquidation.

Board responsibility is a key issue in financially pressurised situations. We can assist in assessing the board's and CEO's room for manoeuvre and risk, and provide specific advice on sound operations, documentation and decision-making processes. This provides management with a clear basis for making the right decisions in time. In addition, we assist both individuals and companies in connection with board liability cases both before and during a legal process.

When it comes to restructuring processes, we assist with everything from early assessments of alternatives to negotiations with banks, suppliers and other creditors. We prepare and negotiate restructuring plans, assist with refinancing, sale of business or other structural measures, and handle both out-of-court solutions and formal reorganisation processes.

Read more about restructuring here

Financial challenges - assistance prior to bankruptcy

If measures to improve the company's equity and liquidity do not produce the desired results, we have the knowledge and experience to assess when the company's liquidation obligation arises. We can also assist with the preparation of the company's bankruptcy petition. Good assessments during the period when the board is subject to a duty to act and during subsequent assessments of the company's duty to dissolve the company will reduce the board's risk of subsequent board liability proceedings.

Furthermore, we also provide assistance to companies that have to deal with partners facing financial challenges or their subsequent restructuring or reorganisation. bankruptcy estate. Relevant in this context is the handling of claims against the company/bankruptcy estate, securing assets, clarifying property rights, assessing received claims for rescission and conducting dialogue with the trustee.

Bankruptcy - estate administration

As mentioned above, four of our lawyers are regularly appointed as trustees by Romerike and Glåmdal District Court. This means that we have several ongoing bankruptcy and compulsory dissolution estates at any given time. If you would like more information about an ongoing or finalised bankruptcy estate you can use our contact form below.

Read more about bankruptcy here

Receivables in progress bankruptcy estate should be reported by sending an e-mail to: [email protected]. The email should include information about the debtor, creditor and the total amount of the claim. Documentation for the claim should be attached. Missing documentation will be requested if necessary.

Read more about claim notification and the order of priority of claims here