Bankruptcy Of An
Insolvent Company
The Legal and Final Way to Be Free from Debt
If a company has excessive obligations and restructuring is no longer possible, bankruptcy proceedings are the only solution. It is the official and legal way to close the business and resolve debt-related issues.
Bankruptcy proceedings are governed by the Bankruptcy Act, with the aim of either restoring the company (if possible) or fairly distributing the assets among creditors.
“Bankruptcy is not necessarily the end - it can be the start of something new.” - Raul Pint
Since 1995, Raul Pint has helped close more than 5,000 companies in Estonia. His long experience ensures every client gets the best possible outcome with confidence.
Why Choose Bankruptcy Proceedings?
⚖️ Legal and official
At the end of bankruptcy proceedings, the company is closed and removed from the register.
🛡️ Reduces personal risks
Timely bankruptcy protects board members - they do not need to be personally liable.
📋 Clear and final solution
All obligations are consolidated into one process, and creditors can officially submit claims.
👨💼 Expert by your side
Raul Pint supports you throughout the process, from filing the application to the end of court proceedings.
This solution is the right choice when:
The company’s debts have become unmanageable
Restructuring is no longer a viable option
Creditors are exerting heavy pressure
You want to close a debt-ridden business while minimizing risks
6 Simple Steps
How Do Bankruptcy Proceedings Work?
1
Free consultation
We assess if bankruptcy is the only solution in your case or if alternatives exist.
2
Preparing the application
We draft and file the bankruptcy petition with the court
3
Court initiates proceedings
The court reviews the petition, appoints a temporary trustee, and may suspend enforcement actions.
4
Declaration of bankruptcy
If the court determines the company is permanently insolvent, bankruptcy is declared.
5
Asset sale and distribution
The trustee sells company assets and distributes proceeds to creditors.
6
Final deletion of the company
After successful completion, the company is permanently removed from the register.
Why Do Clients Choose Raul Pint?
🏆 30 years of experience
Helping entrepreneurs with bankruptcy and liquidation since 1995
📊 Hundreds of bankruptcy proceedings
Practical experience with complex cases
⚖️ Reliable and correct
Fully legal
🤝 Satisfaction guarantee
If bankruptcy is not the best solution, we find another way
💬 Personal consultation
Raul Pint communicates directly with the client and supports every step
The business did not work and debts piled up. Raul helped resolve the matter with advice and support.
I had several loans and tax debts I could no longer pay. Thanks to bankruptcy proceedings I was freed from obligations and could start again.
Restructuring was no longer possible for us. Bankruptcy was difficult but the right step.
Most Common Cases:
The company has too much debt to service
Permanent
insolvency
Restructuring is not
an option
Creditors have initiated legal or enforcement proceedings
Frequently Asked Questions
When Is Bankruptcy
NOT Suitable?
If debts are temporary and the company can be saved
If accounting is not in order
If stakeholders wish to reduce risks linked
to bankruptcy proceedings
Compare Options
Time
Result
Reputation
Debts
Owners