Pre-Bankruptcy Proceedings in Croatia - How to Avoid Bankruptcy?

Pre-bankruptcy proceedings in Croatia are a key tool for companies facing financial difficulties. Since their introduction in 2012, this process has enabled many companies to restructure, unblock their accounts and continue operating, avoiding bankruptcy and liquidation. The purpose of pre-bankruptcy proceedings is to give companies a "second chance" through partial debt write-off, rescheduling of remaining obligations and negotiations with creditors.

According to statistical data, more than 70% of pre-bankruptcy proceedings in Croatia have ended in a successful settlement with creditors, enabling many companies to continue operating. However, success depends on a well-prepared restructuring plan, transparent communication with creditors and professional management of the process.

Maneo d.o.o. has managed more than 1,000 pre-bankruptcy proceedings to date, with a high success rate. Our team supports clients in preparing financial plans, negotiating with creditors and representing them before the court, ensuring that the procedure is as efficient as possible.

It is important to note that pre-bankruptcy proceedings are not mandatory, but a right of a company that recognises it has recovery potential. Timely initiation of the procedure can mean the difference between successful restructuring and forced liquidation.