Esbjerg
Esbjerg Brygge 28
6700 Esbjerg
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København
H. C. Andersens Blvd. 45
1553 København V
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Herning
Dalgasgade 21, 2
7400 Herning
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Skjern
Bredgade 67
6900 Skjern
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Insolvency Law

The insolvency team of Kirk Larsen & Ascanius:
At Kirk Larsen & Ascanius the insolvency law is an important priority and a highly specialised area.

Kirk Larsen & Ascanius is continually handling a large number of bankruptcy estates, and very often we are summoned at an early state in order to assist e.g. the mortgagee in connection with clarifying whether or not the financial crisis can be avoided or if considering bankruptcy or reorganization is necessary.

Furthermore, the department is counselling creditors in connection with companies in distress.

When needed other lawyers with other specialties are attached to the case administration; e.g. lawyers with expertise in sale and purchase.

The insolvency department of Kirk Larsen & Ascanius primarily handles:

  • Bankruptcy estates, including bankruptcy in the farming industry
  • Administration and sale of agricultural properties and commercial properties taken on by the mortgagee in connection with foreclosure sale
  • Investigation of scale and adequacy as well as structuralization of securities
  • Investigation of management liability and professional liability of advisors
  • Voluntary agreements
  • Out of court reorganization
  • Compulsory dissolution

Promptness and accessibility:
The handling of insolvency cases requires promptness delivered by specialists within the area in order to provide the best possible and the most time-saving case administration.

At Kirk Larsen & Ascanius we are able to provide assistance including all necessary specialists within a very short notice, and we are always available.

It is a principal factor, that the case is orchestrated correctly from the beginning, in order to secure assets and to create the basis of a possible business transfer.

Kirk Larsen & Ascanius works for the creditors of the estate and aims at closing the estates quickly, effectively and with the largest possible proceeds for the creditors.

Furthermore, the insolvency department of Kirk Larsen & Ascanius is – at all levels – trained at handling all types of insolvency cases independently.

Transparency with “KL OnlineKonkurs” (KL OnlineBankruptcy):
In order to create transparency and progress in the handling of the estate, Kirk Larsen & Ascanius has developed “KL OnlineKonkurs”.

“KL OnlineKonkurs” is an internet access, which is offered to the mortgagees of the bankruptcy estate. Thus, the mortgagee will have access to the central information of the bankruptcy estate – including a periodical status on the debt collection and realization of other assets pledged as security.

Furthermore, we offer hosting of virtual computer rooms for business transfer as well as transfer of farming properties and lager commercial properties.

Through this access, the mortgagee will have access to all documents in connection with e.g. a business transfer and an environmental screening of a farming property.

Finally, it is possible to give a third party a special online access – e.g. a buyer, the buyer’s agent, real estate agents etc.

Especially about bankruptcies in agriculture and Kirk Larsen & Ascanius' Agricultural team