Overview:
A & B Law Ventures Insolvency Law related services includes:
- Several matters under the Insolvency and Bankruptcy Code, 2016. It represents both creditors and debtors before National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
- Delivers strategic advice to asset reconstruction companies, aids and guides in the assessment of assets and liabilities of a stressed company and accordingly advises the risk involved in taking over businesses of stressed companies undergoing resolution process.
How Can We Help !
A & B Law Ventures specializing in insolvency law provide valuable assistance to individuals and businesses facing financial difficulties or insolvency. Here's how they can help:
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Debt Restructuring:We assist individuals and businesses in negotiating with creditors to restructure debts and develop repayment plans that are manageable and sustainable. They analyze the client's financial situation, negotiate with creditors to reduce outstanding balances, lower interest rates, extend repayment terms, or obtain debt forgiveness where possible.
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Bankruptcy Advice: We advise individuals and businesses on the various bankruptcy options available to them, including Chapter 7 (liquidation bankruptcy), Chapter 11 (reorganization bankruptcy for businesses), and Chapter 13 (individual debt adjustment). They assess the client's financial situation, explain the benefits and drawbacks of each bankruptcy option, and help the client determine the most appropriate course of action.
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Bankruptcy Filings: A & B Law Ventures assist clients in preparing and filing bankruptcy petitions with the bankruptcy court, ensuring compliance with all legal requirements and procedural rules. They help gather and organize financial information, prepare bankruptcy schedules and statements, and represent the client in court hearings and proceedings throughout the bankruptcy process.
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Creditor Negotiations: We represent individuals and businesses in negotiations with creditors, including debt collectors, banks, and other financial institutions, to reach settlements or workout arrangements outside of bankruptcy. They advocate on behalf of the client to secure favorable terms, such as reduced balances, extended payment plans, or debt settlements.
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Asset Protection: We advise clients on asset protection strategies to safeguard assets from creditors' claims during bankruptcy or insolvency proceedings. They help clients understand the legal options available for protecting exempt assets, such as homestead exemptions, retirement accounts, and personal property exemptions, under applicable state or federal laws.
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Litigation Defense: A & B Law Ventures defend individuals and businesses against legal actions initiated by creditors, such as lawsuits, foreclosure proceedings, garnishments, or repossessions. They represent clients in court proceedings, negotiate settlements with creditors, and assert legal defenses to challenge creditor claims or protect the client's rights.
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Business Wind-Down: We assist businesses in winding down operations and liquidating assets in an orderly manner when facing insolvency or bankruptcy. They advise on the legal requirements and procedures for dissolution, asset sales, creditor distributions, and corporate governance matters, ensuring compliance with applicable laws and maximizing value for stakeholders.
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Debtor Representation: We represent debtors in bankruptcy proceedings, advocating for their rights and interests throughout the bankruptcy process. They assist debtors in preparing bankruptcy petitions, attending court hearings, responding to creditor claims, and navigating the complexities of bankruptcy law to achieve the best possible outcome for the client.
Overall, A & B Law Ventures play a crucial role in helping individuals and businesses navigate financial crises, protect their assets, and achieve debt relief or restructuring through bankruptcy or alternative solutions. They provide strategic advice, legal representation, and practical solutions to address clients' financial challenges and move forward towards a fresh start.