Blasco SchneiderLegal & Corporate Counsel
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Preparing Documents for Preventive Insolvency Proceedings

In a financial crisis, acting early changes the options available to companies and creditors. An Argentine concurso preventivo requires extensive, coherent information concerning the debtor's financial condition and creditors.

What to keep in mind

Organize corporate history, liabilities, assets, financial statements, books, guarantees, pending litigation and the materials required by Law 24,522.

A last-minute filing assembled from inconsistent records can create major procedural and commercial problems.

Distinctions often confused

A preventive reorganization proceeding differs from liquidation in bankruptcy.

Frequently asked questions

Should preparation begin only after payments have ceased?
No. Early information gathering is far safer.
Are corporate and accounting records both relevant?
Yes. The filing requirements span several disciplines.

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