Blasco SchneiderLegal & Corporate Counsel
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Advising Creditors in Preventive Insolvency Proceedings

In a financial crisis, acting early changes the options available to companies and creditors. Creditors must identify when their claims arose, whether guarantees or privileges exist and which insolvency rules apply.

What to keep in mind

Review proof of debt, verification procedures, deadlines, ranking, procedural developments and the debtor's proposals.

Failure to assert a claim correctly or on time may affect recovery.

Distinctions often confused

A secured claim and an ordinary unsecured claim may receive different treatment.

Frequently asked questions

Must every creditor verify its claim?
The applicable procedure and legal status of the credit must be examined.
Can a creditor continue ordinary enforcement outside the insolvency case?
Restrictions depend on the claim and stage of proceedings.

Informational content. It is not a substitute for professional advice.