Restructuring & Insolvency

Solid strategy in tough times

A fundamental need for every business is the adequate and timely legal assistance. What distinguishes us is our firm conviction and belief that every business deserves to receive the best legal service from good professionals who provide working solutions at the right time.

Key contacts

  • Insolvency proceedings
  • Debt restructuring
  • Bank insolvency
  • Representation in each stage of the insolvency proceedings
  • Restructuring of the obligations of distressed companies
  • Debt recovery and collection
‘’Perfectly organized team with extensive knowledge in many areas.’’ – Legal 500

Problems Need Solving

The COVID-19 pandemic has disrupted a wide range of supply chains and led to operational challenges in many enterprises. Companies restructure for a variety of reasons and a well-designed restructuring plan can be the essential differentiator for success. DPC’s litigation team possesses in-depth knowledge and experience to represent clients in insolvency procedures and has successfully participated in insolvency, reorganization and liquidation procedures of some of the biggest industrial enterprises in Bulgaria.

Work highlights

Advising real estate developer with regard to the restructuring of EUR 10 million bank facility  

Assisting T.C.Ziraat Bank in debt collection matters, including through asset tracking and recovery, securitization of claims, payment order procedures, private execution, general litigation

Advised the syndics of Corporate Commercial Bank (in insolvency) and represented it in more than 50 insolvency and other cases against its debtors as the total amount of the material interest being above EUR 1.5 billion

‘’We have been collaborating with Dimitrov, Petrov & Co. for 10 years and they never have disappointed us.’’ – Legal 500

Advice Tailored to Meet Your Needs

The firm’s lawyers have the expertise to provide legal protection after commencement of insolvency proceedings, preparation of recovery plans and agreements with creditors, representation in different aspects of insolvency litigation and assistance in filing for insolvency.

Our legal expertise and knowledge enable us with creativity to give you returning legal strategies and efficient execution when you need them most. Our team will help you to navigate the complex restructuring process and point out both the risks and opportunities. We advise creditors and debtors, banks and other involved parties on all aspects of the insolvency procedure.

Work highlights

Restructuring of the obligations of a distressed debt collection company

Advised the Bulgarian subsidiary of a large Norwegian investment fund on a complex restructuring of a EUR 10 million bank loan

Advised the Client on restructuring of big portfolio of credits provided by the biggest bank in Bulgaria and elaborated a winning strategy which was accepted by the bank.

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