Vassilev & Partners has expanded its services by providing advice to companies in financial difficulty, as well as those that have been declared insolvent and those experiencing difficulty collecting receivables from insolvent debtors.
Attorney Konstantin Vassilev was approved as an insolvency administrator by the Bulgarian Ministry of Justice and has been included in the list of the persons who may be appointed as insolvency administrators in insolvency proceedings.
According to Vassilev & Partners, the firm now assists with the winding-up and liquidation of trade companies and non-profit organizations, the opening of insolvency proceedings of insolvent entities, restoring the assets of an insolvent estate, lodging of claims against deals that decrease the insolvent estate, restructuring insolvent enterprises, and the encashment of assets.
