Insolvency, Restructuring, and Bankruptcy
We assist lenders, borrowers, company management, and individual creditors in negotiations regarding business restructuring, debt restructuring, and bankruptcy.
Our bankruptcy attorneys provide legal and strategic advice in the following types of cases, among others:
- Assessment of whether a business facing financial challenges can and should be restructured under the Restructuring Act. In general, the Restructuring Act provides effective tools that can help a company get back on its feet financially—often through debt reduction combined with an injection of new equity. The first step is to conduct an analysis of the company’s financial status and how it can be improved using the tools provided by the Act.
- We provide advice on every stage of the process and can assist in negotiations with banks, creditors, contractual counterparties, and public authorities.
- If it is not feasible to save the existing business through restructuring, we can provide advice and assistance in connection with filing for bankruptcy, assist the former management during the bankruptcy proceedings, and, if necessary, assist with the purchase of assets from the estate.
Our bankruptcy attorneys are regularly appointed as trustees by the Hordaland District Court and are currently handling a number of bankruptcy estates; over the years, we have handled several of the largest bankruptcy cases in Western Norway. In addition, we serve as reorganization trustees under the Reorganization Act.
