Insolvency restructuring requires a robust concept for continuing and financially stabilizing the company. The rehabilitation plan must coordinate the proposed operational measures, their financing, and the treatment of creditors. A realistic timetable sets out the individual measures and their expected effects. Responsibilities and assumptions must be documented so that the concept’s feasibility can be assessed. For the vote, creditors must be classified transparently and their affected claims recorded. Voting rights and claim amounts must be clear from the case documents. The process and outcome of the vote on the rehabilitation plan must also be fully documented. After the vote, the required court review for confirmation must be completed. Planning, creditor treatment, voting, and court review must be consistent with one another. Only consistent documentation makes it possible to implement the approved restructuring measures in a controlled manner.
Rehabilitation of an Insolvent Company in Georgia
Corporate rehabilitation in Georgia combines operational restructuring measures with financing, creditor treatment, and an implementable rehabilitation plan. Its confirmation depends on a transparent classification of creditors, a properly conducted vote, and the required court review.
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