Best Restructuring & Insolvency Lawyers in Tangail
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List of the best lawyers in Tangail, Bangladesh
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Bangladesh Restructuring & Insolvency Legal Questions answered by Lawyers
Browse our 2 legal questions about Restructuring & Insolvency in Bangladesh and read the lawyer answers, or ask your own questions for free.
- Can our company apply for debt restructuring in Bangladesh while facing a winding-up petition from a creditor bank?
- Our garment manufacturing business in Dhaka suffered severe revenue losses and has received a winding-up notice from a commercial bank for unpaid credit facilities. We want to propose a formal loan restructuring and settlement scheme before liquidation proceedings advance in court. What immediate legal remedies are available to stay the... Read more →
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Lawyer answer by Tobarrak Law Chamber
Based on the circumstances you have described, a structured legal strategy is available to stay the winding-up petition and restructure your liabilities. The most effective immediate remedy involves a two-pronged approach: securing judicial protection from the High Court Division while...
Read full answer - Can a garment factory in Dhaka restructure its bank debts under Bangladeshi law before creditors file a bankruptcy petition?
- Our manufacturing business in Gazipur is facing severe cash flow issues and defaulted on two loan installments to a commercial bank. The bank is now threatening to initiate liquidation and recovery proceedings under Artha Rin Adalat. We want to know if we can legally compel or negotiate a debt rescheduling... Read more →
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Lawyer answer by Equity Law House
While you cannot legally force a commercial bank to restructure your debt against their will, Bangladesh Bank’s BRPD Circular No. 16 gives your Gazipur factory a powerful mechanism to freeze recovery actions and force a negotiation. Under central bank directives,...
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