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Valkov, Genova & Co.Valkov, Genova & Co.

Disputes & risk

Debt Collection & Insolvency

Effective debt collection and insolvency proceedings.

01

The business context

Effective debt collection is the foundation of financial stability for every enterprise. This practice encompasses the entire process of collecting monetary receivables - from voluntary negotiations and out-of-court settlements to judicial enforcement.

In parallel, when an enterprise faces the risks of over-indebtedness or insolvency, navigating insolvency proceedings requires specialized procedural defense. The professional management of these processes is focused on maximizing the satisfaction of creditors' claims, restructuring the business, and minimizing financial losses in crisis situations.

02

How we help

  • Legal Analysis of Financial Risks

    Assessment of liabilities, analysis of over-indebtedness risks, and drafting of legal opinions to prevent sanctions.

  • Out-of-Court Collection and Negotiations

    Conducting negotiations, drafting and serving voluntary compliance notices, and drawing up debt rescheduling agreements.

  • Order for Payment Proceedings

    Drafting and filing applications for the issuance of an order for payment and obtaining a writ of execution.

  • Enforcement Proceedings and Securing of Claims

    Representation before bailiffs, investigation of financial status, and imposition of garnishments and attachments to secure claims.

  • Cross-Border Debt Collection

    Drafting documents for the application of a European Payment Order and a European Account Preservation Order.

  • Out-of-Court Debt Restructuring

    Renegotiation of commercial liabilities and drafting of contracts and agreements for debt renegotiation.

  • Stabilization Proceedings

    Drafting of documents and representation for opening stabilization proceedings for merchants, and drafting a stabilization plan.

  • Opening of Insolvency Proceedings

    Drafting and filing petitions for the opening of insolvency proceedings on behalf of a debtor or creditor, and legal representation before the court.

  • Filing and Acceptance of Claims

    Drafting petitions for filing claims, submitting objections against lists of creditors, and representation at creditors' meetings.

  • Avoidance Actions and Replenishment of the Bankruptcy Estate

    Legal representation in court cases for declaring nullity or invalidating transactions detrimental to the bankruptcy estate.

  • Restructuring Plans

    Drafting, structuring, and legal representation for proposing and approving restructuring plans in insolvency proceedings.

03

Our approach

Our approach is focused on speed and economic efficiency. We always begin with negotiations aimed at a voluntary settlement of the dispute as the fastest method. Only in the absence of a result do we proceed to decisive legal action, utilizing the full arsenal of the law for the enforcement of the receivable.

In one of the most complex legal environments - insolvency proceedings - we provide expert defense, ensuring that your interests are effectively represented within the collective proceedings for maximum satisfaction of claims

Lead partner

Partner

Betina Genova

Leads: Business operations · Disputes & risk

Betina Genova is a Partner who understands that a sustainable business model requires not only financial assets but also strategic management of human capital and minimization of administrative risk.

Confidential consultation

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  • Every enquiry is treated in confidence
  • A reply within 1 business day
  • Advice in Bulgarian and English
  • An enquiry creates no obligation
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