{"id":1208,"date":"2020-05-20T19:04:10","date_gmt":"2020-05-20T19:04:10","guid":{"rendered":"https:\/\/marger.lt\/the-effect-of-covid-19-on-business-when-is-the-time-to-file-for-insolvency\/"},"modified":"2022-10-04T09:31:41","modified_gmt":"2022-10-04T09:31:41","slug":"the-effect-of-covid-19-on-business-when-is-the-time-to-file-for-insolvency","status":"publish","type":"post","link":"https:\/\/marger.lt\/en\/insights\/the-effect-of-covid-19-on-business-when-is-the-time-to-file-for-insolvency\/","title":{"rendered":"The Effect of COVID-19 on Business: When Is the Time to File for Insolvency"},"content":{"rendered":"\n<div class=\"inner-header inh smaller\" style=\"background-color:#e6ddd3;\">\n  <div class=\"container\">\n    <div class=\"child flx\">\n            <div class=\"section-title\">\n                \n         \n            <h2><h2><strong>The Effect of COVID-19 on Business: <\/strong><em>When Is the Time to File for Insolvency<\/em><\/h2>\n<\/h2>\n          \n        \n              <\/div>\n    <\/div>\n    <div class=\"child\">\n      <img loading=\"lazy\" decoding=\"async\" width=\"1912\" height=\"1279\" src=\"https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup.jpg\" class=\"top\" alt=\"\" srcset=\"https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup.jpg 1912w, https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup-300x201.jpg 300w, https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup-1024x685.jpg 1024w, https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup-768x514.jpg 768w, https:\/\/marger.lt\/wp-content\/uploads\/2022\/08\/startup-1536x1027.jpg 1536w\" sizes=\"auto, (max-width: 1912px) 100vw, 1912px\" \/>    <\/div>\n  <\/div>\n<\/div>\n\n\n\n<p style=\"text-align: justify;\">In recent weeks, many business have been asking questions not only about the internal business processes but also about the situation of indebted business partners. Businesses are considering initiating insolvency (bankruptcy) proceedings against debtors. The search for such solutions is driven by the likelihood that the debtor is already insolvent (the legal entity is unable to perform its property obligations on time or the legal entity&#8217;s obligations exceed the value of its assets) and fraudulent actions by the debtor&#8217;s management bodies restricting debt recovery.<\/p>\n<p style=\"text-align: justify;\">Find out more about creditors&#8217; rights in <a href=\"https:\/\/marger.lt\/en\/insights\/the-effect-of-covid-19-on-business-when-is-the-time-to-file-for-insolvency\/\">Lithuanian<\/a>.<\/p>\n<p style=\"text-align: justify;\">Danielius Matonis, Associate<\/p>","protected":false},"excerpt":{"rendered":"<p>In recent weeks, many business have been asking questions not only about the internal business processes but also about the situation of indebted business partners. Businesses are considering initiating insolvency (bankruptcy) proceedings against debtors. The search for such solutions is driven by the likelihood that the debtor is already insolvent (the legal entity is unable [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1208","post","type-post","status-publish","format-standard","hentry","category-insights"],"acf":{"author":"","related_posts":"","show_popup":false,"text":"","link":""},"_links":{"self":[{"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/posts\/1208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/comments?post=1208"}],"version-history":[{"count":7,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/posts\/1208\/revisions"}],"predecessor-version":[{"id":3329,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/posts\/1208\/revisions\/3329"}],"wp:attachment":[{"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/media?parent=1208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/categories?post=1208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marger.lt\/en\/wp-json\/wp\/v2\/tags?post=1208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}