To file an application, first determine the competent court based on the debtor company and the applicable procedural rules. The application must clearly identify the debtor, the applicant, the requested type of proceedings, and the grounds asserted for opening proceedings. It must include the registry, representation, financial, asset, and creditor documents required for the specific application, as well as evidence supporting the alleged grounds for insolvency. A creditor’s application also requires documents relating to the creditor’s own claim; for an application by the debtor, the internal resolutions and the debtor’s information must be fully aligned. All amounts, reference dates, and company details should be consistent between the application and its attachments. Check whether foreign-language documents require a Georgian translation or further certification. After filing, retain proof of receipt, the case number, and the version actually submitted. If the court requests additional information or corrections, submit them within the deadline set and clearly reference the proceedings.
Filing an Application for Corporate Rehabilitation or Insolvency in Georgia
An application for corporate rehabilitation or insolvency in Georgia must be filed with the competent court in the prescribed form and with complete application documents. Jurisdiction, authority to represent the parties, and the type of proceedings should be clearly established before filing.
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