{"id":8805,"date":"2025-09-05T06:10:28","date_gmt":"2025-09-05T06:10:28","guid":{"rendered":"https:\/\/karagounislawfirm.com\/?page_id=8805"},"modified":"2026-06-29T10:36:57","modified_gmt":"2026-06-29T10:36:57","slug":"ptochevtiko","status":"publish","type":"page","link":"https:\/\/karagounislawfirm.com\/en\/ptochevtiko\/","title":{"rendered":"INSOLVENCY & BANKRUPTCY"},"content":{"rendered":"
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INSOLVENCY & BANKRUPTCY<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Karagounis & Partners Avocats offers high level quality legal services in insolvency and bankruptcy issues. Rescue and insolvency procedures are governed by the Bankruptcy Code (statute 3588\/2007).
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The Bankruptcy Code, as now in force, provides that a distressed or bankrupt debtor may be subject to the following procedures: Rehabilitation process of articles 99 et seq, Post-bankruptcy reorganization process of articles 107 et seq; and Post-bankruptcy liquidation process. Bankruptcy for cause of cease of payments, definite or imminent, is provided by article 3 of the Code.
Post-bankruptcy proceedings aim to the repayment of creditors, as a collective satisfaction procedure and also, if possible, rescue and restructure an insolvent company\u2019s business. On the contrary, pre-bankruptcy procedures aim at the reorganization of the debtor\u2019s business and its continuation following an agreement with the majority of its creditors.
Karagounis & Partners holds an expertise in handling insolvency and bankruptcy cases and can provide very efficient services according to the client\u2019s needs, as creditor or a company facing serious financial and operational difficulties. These services are often linked with those offered by Debt Recovery department at Karagounis & Partners.
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