My client was cheated, swindled. He hadn’t counted on finding himself in the middle of the perfect storm.
From the moment he came through the office door the first day of work after the summer of 2015, I knew that he had been the victim of a scam. What had happened is that, blinded by a promising first payment, he agreed to divest himself of his assets in the company through a complex network of firms and the assumption of more than € 1,000,000 in debt.
The papers were signed. The loose ends were tied up and tied up well. The solution was complex and we had to embark on a judicial journey to paralyze the fraudster and avoid the debt being enforced.
We used all the resources provided by law. And, after verifying the full implications of the contract, we finally filed a voluntary application for bankruptcy.
According to the National Institute of Statistics in the third quarter of 2017, the number of insolvent debtors amounted to 975. Of these, 922 made voluntary insolvency application to structure the payment of their debts. 82.1% of the companies declared bankrupt were limited liability companies, and of these, 36.7% were in the segment with business volume of up to € 250,000 per year.
After resolving the issue, the client regained financial stability and was able to carry on in business.
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