My [company removed] can’t pay suppliers—can I start restructuring to avoid bankruptcy, and how long does it take?

Question

I run a small business [company removed] in Serbia and we are behind on several supplier invoices and bank instalments. I want to know if a formal restructuring procedure is available before insolvency proceedings, and what documents and timelines to expect. I also need to understand if creditors can still enforce while restructuring is being prepared.

Law office Markovic · Accepted Answer

Yes, you can initiate a restructuring procedure, when creditors can no longer collect claims.

My [company removed] can’t pay suppliers—can I start restructuring to avoid bankruptcy, and how long does it take?

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