Best Restructuring & Insolvency Lawyers in Aarhus C

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Lawyers Sankt Knuds Torv P / S
Aarhus C, Denmark

Founded in 1944
200 people in their team
Danish
English
The law firm has had other names over the yearsThe company's history is long, but in recent times (since the Second World War) the company's history has been as follows:Attorney Christian M. Krag (senior) took over the company from approx. April 1, 1944 after superior court prosecutor Holger...

Founded in 2007
200 people in their team
Danish
English
About Holst,Simplicity, Efficiency and PresenceAt Holst, every case starts with interest, understanding and an honest dialogue. And we work to ensure that it ends with the best possible solution. Both legally, commercially and humanly.We build on great and broad expertise within our areas of...

Founded in 1993
50 people in their team
Danish
English
OUR HISTORYKapas Invest ApS was originally founded in 1993 by lawyers Erik Aagaard Poulsen and Jørgen Bernth Krølner. This gave rise to the name Kapas, which is a contraction of their surnames. After Jørgen Krølner's exit from the company Kapas Invest ApS, Erik Aagaard Poulsen and the new...
CLEMENS Law Firm
Aarhus C, Denmark

Founded in 2000
50 people in their team
Danish
English
About CLEMENS Law FirmAt CLEMENS Advokatfirma, we want to understand our clients' circumstances and contribute with concrete and easy-to-understand solutions - also in complicated processes and difficult challenges. We believe that we provide the best advice in close dialogue with the client....
INTERLEX Advokater
Aarhus C, Denmark

Founded in 1984
50 people in their team
Danish
English
WHO IS INTERLEX?At INTERLEX Advokater, we build bridges between law and business. Because we believe that your best advice, safety and security are found between the paragraphs and the law in the understanding of your business. In Latin it is called inter lex. On a daily basis, we call it...
Advokatfirma Bech-Bruun
Aarhus C, Denmark

Founded in 2001
50 people in their team
Danish
English
About Bech-BruunBeing an enterprise in an ever-changing world requires new ways of thinking and navigating the corporate sector. New challenges appear all the time, but so do new opportunities. To find the right answers to your problems we must have a keen eye for details and not least the ability...
Hjulmand Kaptain
Aarhus C, Denmark

Founded in 2000
200 people in their team
Danish
English
At HjulmandKaptain, we place high value on our clients and their satisfaction with our counselling. We wish to provide our clients with such a great service that they will recommend us to others and come back, whenever needed.Therefore, we respond to our clients’ feedback by measuring client...
DLA Piper
Aarhus C, Denmark

Founded in 2005
500 people in their team
Danish
English
We are the largest law firm in the Nordics and one of the leaders worldwide. As a customer with us, you will be met by dedicated lawyers with industry knowledge who provide specialized advice in Denmark and across national borders.  With offices in North and South America, Europe, the...
Gorrissen Federspiel
Aarhus C, Denmark

Founded in 1869
50 people in their team
Danish
English
In 1989, the law firms N.J. Gorrissen and Per Federspiel merged. This was the first in a number of mergers among the largest business law firms in Denmark. The new firm was named Gorrissen & Federspiel and moved into Dagmarhus in Copenhagen. In the years that followed, Kierkegaard & Malby,...
Marselis Advokater
Aarhus C, Denmark

Founded in 2000
50 people in their team
Danish
English
PROFILE​What services do we offer?We focus on specific business law disciplines. It is mainly M&A, company structuring, company law, contract law, competition law and company law on both Danish and international markets. In addition, active participation in board work and "hands on" efforts...
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About Restructuring & Insolvency Law in Aarhus C, Denmark

Restructuring and insolvency law in Aarhus C, Denmark, focuses on providing frameworks and procedures for businesses and individuals facing financial difficulties. This area of law aims to help parties either restructure their debts to avoid bankruptcy or handle insolvency in an orderly manner under Danish legal principles. Aarhus C, being the central district of Aarhus and a commercial hub, hosts a range of businesses and professionals who may need specialized legal guidance regarding restructuring and insolvency issues.

Why You May Need a Lawyer

There are several situations where individuals or companies in Aarhus C may need legal advice or representation related to restructuring and insolvency:

  • You are a business owner facing cash flow problems and need guidance on options to avoid insolvency
  • Your company is in distress and requires formal restructuring or debt negotiations with creditors
  • You are an individual considering personal bankruptcy or need help managing overwhelming personal debt
  • Your business is being pursued by creditors and you need advice on your rights and obligations
  • You are a creditor seeking to recover debts from an insolvent company or individual
  • You are a director facing potential personal liability in connection with the insolvency of a company
  • You are interested in acquiring assets from an insolvent estate and need to understand the process

Legal professionals can help analyze your financial situation, represent your interests, communicate with creditors, and ensure compliance with the relevant laws and regulations.

Local Laws Overview

Restructuring and insolvency matters in Aarhus C are governed by Danish law, specifically the Bankruptcy Act (Konkursloven). This legislation provides for different procedures to handle financial distress, including:

  • Reconstruction (Rekonstruktion): A court-supervised process allowing a financially distressed business or individual to reorganize or restructure debts to avoid bankruptcy. Plans often involve negotiation with creditors and court approval.
  • Bankruptcy (Konkurs): If restructuring is not possible, a bankruptcy proceeding may be initiated, resulting in the liquidation of assets and distribution of proceeds among creditors.
  • Debt Relief (Gældssanering): For individuals, Danish law allows for a form of personal debt relief under certain conditions, providing manageable repayment plans or debt write-off.
  • Director’s Duties: Danish law imposes specific duties on directors once insolvency threatens, such as an obligation to stop payments and file for insolvency to avoid liability.
  • Creditor Rights: Creditors have the right to file claims, participate in insolvency proceedings, and sometimes challenge unfair transactions made prior to insolvency.

Local courts and legal practitioners in Aarhus C are experienced in implementing these procedures according to national and EU standards.

Frequently Asked Questions

What is restructuring in the context of Danish law?

Restructuring in Denmark is a legal process allowing businesses in financial distress to negotiate new terms with creditors, reorganize debts, and potentially continue operations rather than going into bankruptcy.

When should I consider filing for bankruptcy?

Bankruptcy should be considered when a business or individual is insolvent and unable to meet financial obligations as they fall due, and no realistic prospect of restructuring exists.

What happens to my employees during insolvency?

Employees' rights are protected to a certain extent under Danish law. In a bankruptcy, wages for prior periods may be covered through the Employees' Guarantee Fund (Lønmodtagernes Garantifond).

Can I keep operating my business during restructuring?

Yes, in most cases, management remains in control during the restructuring process, but significant decisions may require approval from the appointed court administrator and creditors.

What are the consequences for company directors if I delay insolvency proceedings?

Directors may be held personally liable for losses to creditors if they continue to operate the company while it is insolvent without filing for insolvency promptly.

Are there alternatives to formal bankruptcy for individuals?

Yes, individuals may be eligible for debt relief (gældssanering), which provides a legal framework for manageable repayments or debt cancellation based on personal circumstances.

How are creditors prioritized in bankruptcy proceedings?

Danish law sets a clear hierarchy for creditor claims, with secured creditors generally paid first, then wage claims, and finally unsecured creditors.

Can transactions made before insolvency be reversed?

Yes, certain transactions made before insolvency may be challenged and reversed if deemed detrimental to creditors (for example, preferential payments or undervalue transactions).

What documentation is required to initiate restructuring or bankruptcy?

Applicants typically need to provide financial statements, lists of assets and liabilities, and supporting documents detailing the company’s or individual’s financial position.

How do I start the insolvency or restructuring process in Aarhus C?

The process usually begins by filing a petition with the local court in Aarhus. Seeking early legal advice is strongly recommended to ensure compliance and best outcome.

Additional Resources

For those seeking more information or assistance about restructuring and insolvency in Aarhus C, consider reaching out to the following organizations:

  • The Danish Courts (Domstolene) - Responsible for bankruptcy and restructuring proceedings
  • The Danish Business Authority (Erhvervsstyrelsen) - Provides guidance and registration for companies facing financial difficulty
  • Employees' Guarantee Fund (Lønmodtagernes Garantifond) - Offers support to employees affected by employer insolvency
  • Local legal aid offices (retshjælp) - Offer initial free or low-cost legal advice
  • Aarhus Bar Association (Aarhus Advokatforening) - Directory of local lawyers specializing in insolvency law

Next Steps

If you or your business are facing financial difficulties in Aarhus C, Denmark, consider the following steps:

  1. Assess your financial situation and gather current financial documents.
  2. Contact a local lawyer who specializes in restructuring and insolvency for an initial consultation.
  3. Discuss your options, including both informal negotiations with creditors and formal legal proceedings.
  4. Prepare required documentation and consider the potential implications for your business, employees, and personal assets.
  5. Follow your lawyer’s guidance carefully to ensure compliance with all legal obligations and to minimize risk.

It is important to act promptly when facing financial challenges to preserve options and protect your legal rights. Early intervention with professional legal support can often prevent more severe consequences and increase the chances of a successful restructuring or orderly insolvency process.

Lawzana helps you find the best lawyers and law firms in Aarhus C through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Restructuring & Insolvency, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Aarhus C, Denmark - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.