How to recover debt from the bankrupt

Contact the law firm, which provides services for the recovery of a debt from the bankrupt. This will allow you to not only save time but also their own nerves. The fact is that to recover money from the bankrupt debtor is difficult, and in order not to miss your chance, you have to communicate with lawyers, judges, arbitration managers, accountants and other creditors. If you decided to do this procedure, then you must act quickly and according to the established plan.

Check your repayment of debts of the bankrupt. The law established that first satisfied the claims of persons who have suffered harm to life or health. This is followed by a maintenance debt, the payment of severance benefits and wages. Then to repay the debt can creditors received a pledge of property of the bankrupt. The next step the calculations are performed on payments in the budget and extrabudgetary funds. And only after that debt can go after other creditors.

Examine the plan of restructuring of debts of the bankruptwhich shall be constituted by the liquidator appointed by the court. According to this document, the debtor is obliged to pay all creditors within five years. If not, then the company appointed the liquidation, debts are repaid through the sale of the property. Note that, in what time frame will be calculated in your debt.

Write an application to the court for a replacement liquidator. If your claim is accepted, the bankruptcy will appoint a new Manager who will change the order of settlement of debts with creditors. Perhaps the new plan is more convenient for you.

File a claim for recognition of the debtor bankrupt. If you do not return the debt, it is recommended to monitor the financial condition of the debtor. If it shows the threat of bankruptcy, it is necessary first to state this. In this case, you will receive a priority right to recover the debt.