Bankruptcy is a legal proceeding involving a person that is unable to repay outstanding depts.
When a person cannot longer pay his debts, he may apply to the Court by providing an affidavit to prove his financial situation. If the Court is satisfied by his evidence, then he/she would be declared as a bankrupt.
offers an individual or business a chance to start fresh, when they can no longer pay their debts. Debtor has to provide an affidavit for the above providing this to the satisfaction of the Court.
How can we Help You?
We understand that Bankruptcies are very stressful for people. We can help remove some of the stress by explaining the process and advising you on how to fully prepare yourself for the Bankruptcy.
- Provide a step by step and full explanation of bankruptcy procedure.
- Provide a full summary and appraisal of their financial situation and distinguish whether or not they are eligible to proceed with filing for bankruptcy
- Prepare all necessary documents required by the official receiver (affidavit, PFS, Statement of Affairs, petition of Bankruptcy etc) on our clients behalf.
- Act on our clients behalf in the Bankruptcy procedure.
For further information please contact us at email@example.com or 22-264455.
This website contains general information based on Cyprus law and practice. Please note that it does not constitute legal or commercial advice, nor is it intended to create a client relationship. Neither is it intended to provide a comprehensive or detailed statement of the law or practice.
No liability whatsoever is accepted by Hadjihannas Restructuring Practitioners Ltd for any action taken in reliance on the information in this website. You should not act, or refrain from acting, on the basis of any information posted on our website but rather you should always seek specific legal and other professional advice.
The content of this website, including its design and layout are protected by copyright and other intellectual property laws and may not be reproduced by you without our prior written consent.
© Hadjihannas Restructuring Practitioners.