Termination of business operations is not just a formal deletion from the register. Before starting a procedure, it is important to verify whether the company has assets, debts, creditors, employees, active contracts, tax obligations, or pending court proceedings.
Legal support for bankruptcy and liquidation includes assessing whether the appropriate route in a specific case is voluntary liquidation, bankruptcy, prior debt resolution, or another legal step.
Procedures we support
- Voluntary liquidation of a company
- Compulsory liquidation
- Bankruptcy proceedings
- Filing claims in bankruptcy
- Protection of creditor interests
- Risk analysis for directors
- Risk analysis for shareholders
- Company closure in Serbia
- Support for foreign founders
- Other issues related to business termination, debts, and creditor settlement
As a rule, liquidation is conducted when a company can settle its obligations, while bankruptcy is linked to insolvency, inability to pay, or over-indebtedness. That is why proper initial assessment is essential.
How a lawyer can help
Risk analysis
We analyze the company’s position, obligations, assets, creditors, and other circumstances that may affect risks for the company, directors, shareholders, and creditors.
Document preparation
We prepare decisions, applications, powers of attorney, notices, claim filings, and other documents required for the procedure.
Proceedings before authorities
We monitor procedures before the APR, courts, bankruptcy bodies, and other participants, while managing deadlines and required attachments.
Protection of interests
We advise directors, shareholders, and creditors on risks, liability, filing claims, and available recovery options.
Frequently asked questions
What is the difference between liquidation and bankruptcy?
Liquidation is conducted when a company can settle its obligations, while bankruptcy is initiated when a company cannot regularly satisfy creditors or when other statutory bankruptcy grounds exist.
Can a company enter liquidation if it has debts?
Yes, if it has sufficient assets to settle those debts. If it turns out during liquidation that assets are insufficient for creditor settlement, opening bankruptcy proceedings should be considered.
Is compulsory liquidation a good solution?
Compulsory liquidation is usually not a desirable way to close a company, because it is initiated ex officio and may open additional liability issues, especially if the company has unpaid obligations.
Submit a legal inquiry
If you are considering closing a company, starting liquidation, filing claims in bankruptcy, or you want to assess risks before making a decision, send a brief description of your situation and basic company details.
Contact usThis page is for informational purposes only and does not constitute legal advice. For a specific assessment, it is necessary to review the company’s records, assets, liabilities, creditors, registry status, and case-related documentation.