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  • Support for out-of-court workout/legal liquidation

Support for out-of-court workout/legal liquidation

There are cases where companies face difficulties in quickly restructuring their business on their own and need to seek cooperation from shareholders, financial institutions, and corporate creditors such as capital reduction, DES (Debt Equity Swap), and debt waiver. In such a case, procedures called an out-of-court workout or legal liquidation proceedings (Civil Rehabilitation law, Corporate rehabilitation law ) are generally selected. 

In the case of an out-of-court workout, we help clients to receive financial support including a revitalization scheme using each prefecture's SME Business Rehabilitation Support Co-operative and a scheme to have revitalization support funds of public institutions including the government purchase existing debts. 

More specifically, we provide a series of advisory services for the development of business revitalization plans and repayment plans required when receiving approval for support or a revitalization plan from each support institution (e.g., public financial institutions). In the case of legal liquidation, we provide a series of advisory services to realize business revitalization pursuant to the Civil Rehabilitation Act and the Corporate Rehabilitation Act in order to help clients drastically reduce the existing debts and restart their business.