What are the consequences of starting reorganisation proceedings?

The consequences of commencing reorganisation proceedings include the suspension of enforcement proceedings related to the company's assets, the suspension of late payment interest or contractual penalties on claims, and the ability to suspend court proceedings regarding financial claims against the company. Additionally, bankruptcy proceedings may be suspended if an obligee files a bankruptcy petition.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.