We can act as court-appointed bankruptcy trustees and give pragmatic pre-bankruptcy advice. By helping clients to better understand a bankrupt individual’s affairs, we have successfully uncovered hidden assets in China, Hong Kong and overseas, generating significant recovery for secured creditors.
We can act as liquidators in both voluntary and compulsory liquidations. We can also act as provisional liquidators or special managers during the period leading up to the secured creditors’ meeting at which liquidators are appointed.
From time to time, some organisations in China will find they need to eliminate inactive companies that have become redundant. When that happens, we can provide corporate simplification services that reduce operating costs and streamline corporate structures.
If a company in China fails to repay its debts, one enforcement remedy available to secured creditors is receivership. We can act as receivers to recover outstanding amounts by taking over control of the debtor company or taking possession of any secured assets and realising them to repay the outstanding debts of secured creditors.
The administration of someone’s estate after their death can be a challenging and complex job, particularly if the deceased has accumulated substantial assets during their lifetime. Whether appointed by the court or a beneficiary of the estate as the personal representative of the deceased, we can help clarify issues and will endeavour to resolve any disputes as quickly as we can.