When a company can't go on, the way out must be done right.
BankruptcyAssist helps Estonian companies and their boards through insolvency — from assessing the situation to filing the bankruptcy petition in court.
Is your company insolvent?
If your company can no longer pay its debts and the situation is not temporary, Estonian law requires the management board to file a bankruptcy petition — without delay, and no later than 20 days after insolvency became permanent. Missing that deadline can make board members personally liable. We help you act correctly and on time.
What we do
Bankruptcy filing — we assess insolvency, prepare a complete court-ready petition with all supporting documents, and guide you through the proceedings. (→ Bankruptcy Filing)
Debt restructuring — when the business can still be saved, we help negotiate with creditors and restructure obligations instead of closing down.
Board member protection — we document decisions and timelines so the board can prove it acted diligently.
Why BankruptcyAssist?
Hands-on experience from a bankruptcy trustee's office, insolvency work at every level, and leadership by a registered financial expert with a master's degree in law and finance — backed by years of practical work as a financial controller and CFO in real businesses. We know the law, and we know what it's like to run a company.
Confidential. Fixed fees. English and Estonian service.
Also we have published an article on E-Marketplace web:
https://www.e-resident.gov.ee/blog/posts/close-a-company-in-estonia/#when-should-a-company-file-for-bankruptcy
There is a number of important tips about bankruptcy proceedings!