Bankruptcy of developer
The bankruptcy of a developer company has its own specifics. The procedure’s features provided by the law are aimed at protecting rights of participants of a construction project. Such nuances are not typical for the general bankruptcy procedure, which is carried out for other legal entities.
Features of the developer’s bankruptcy procedure:
- The only procedure applied to the company is bankruptcy management. Supervision and financial recovery for building companies is not used.
- The process can be initiated not only at the place of registration of the developer, but also at the location of the construction site.
- Participants of construction activity can decide for themselves how to order the construction object.
A qualified specialist will help to comply with all legal requirements during the procedure, as well as take into account the rights and meet the requirements of the developer and other participants in the construction activity.
VALEN team has many years of experience in the field of bankruptcy and will help to carry out all the necessary actions to protect the interests of equity holders. Please leave a request on the site or dial the number indicated at the top of the page!