From 1 April 2011, bankruptcy and compulsory composition through the probate court was replaced by the new rules on reconstruction.
The rules on reconstruction can be used on insolvent persons and companies, where it is estimated that the person/company can be reconstructed in the existing unit, typically by a probate court in the form of a percentage reduction, debt cancellation or a payment deferral or through the sale of the entire or parts of the business.
A reconstruction can for example, be relevant in cases where a peaceful solution cannot be found using one/several creditors for the purpose of preventing a bankruptcy.
In connection with the reconstruction, INTERLEX Advokater, as the reconstructor appointed by the probate court, helps by examining and organising how the person/company can best be reconstructed, just as we help with the preparation of the reconstruction plan and the reconstruction proposal, which forms the framework for the subsequent meetings in the probate court, where the decision is taken on whether the reconstruction shall take place.
On many occasions, we have been appointed as the reconstructor by the probate court, and have the necessary professional competencies, network, speed and drive to help with the implementation of a successful reconstruction.