[윤소평변호사] 법인회생, 기업회생, 간이회생, 일반회생 절차와 기간, FAST TRACK

[Attorney Yoon So-pyung] Procedures and Durations for Corporate Rehabilitation, General Rehabilitation, and Simplified Rehabilitation as Seen Through Judgments    • [윤소평변호사] 판결문으로 보는 법인회생, 일반회생, 간이회생 절차와 기간   [Attorney Yoon So-pyung] What the Representative Director Applicant Must Do for Corporate Rehabilitation, Simplified Rehabilitation, and General Rehabilitation    • [윤소평변호사] 법인회생,간이회생,일반회생 대표이사 신청인이 해야할 일   [Attorney Yoon So-pyung] Cases Not Suitable for Corporate Rehabilitation, Enterprise Rehabilitation, or Simplified Rehabilitation    • [윤소평변호사]법인회생,기업회생,간이회생에 적합하지 않은 경우   [Attorney Yoon So-pyung] Basic Concepts of Rehabilitation and Bankruptcy    • [윤소평변호사] 회생과 파산의 기본개념   [Attorney Yoon So-pyung] Procedures and Duration, FAST TRACK    • [윤소평변호사] 법인회생, 기업회생, 간이회생, 일반회생 절차와 기간, FA...   The most frequently asked question by CEOs considering corporate rehabilitation, corporate rehabilitation, simplified rehabilitation, or general rehabilitation is this: “Is our company eligible to file for rehabilitation?” “What is the difference between corporate rehabilitation and simplified rehabilitation?” “In what cases is general rehabilitation filed?” “How long does the rehabilitation process take?” “What should the CEO do if a rehabilitation application is filed?” “Which procedure is right for us, rehabilitation or bankruptcy?” In this video, we have summarized the conditions, procedures, and durations of corporate rehabilitation, corporate rehabilitation, simplified rehabilitation, and general rehabilitation from the perspective of the CEO and the business owner. The rehabilitation process is not a procedure to immediately liquidate the company. It is a process of adjusting debts while continuing business operations, and presenting repayment methods to creditors through a rehabilitation plan. Simply put, even if a company is currently facing difficulties, it is crucial to determine whether it can generate funds for repayment through future operations, whether its going concern value is higher than its liquidation value, and whether it can formulate a rehabilitation plan that can be explained to creditors. Corporate rehabilitation and corporate rehabilitation are typically reviewed in the following cases: 1. When the company continues operations but faces a heavy debt burden 2. When there is severe overdue payments to financial institutions or pressure from business partners 3. When a revenue base remains but short-term liquidity is insufficient 4. When there is a risk of compulsory execution, such as provisional attachment, seizure, or auction 5. When restructuring is necessary due to accumulated debts to taxes, wages, and business partners 6. When continuing the business is better for creditors than liquidating the company 7. When the feasibility of implementing the rehabilitation plan can be explained The difference between simplified rehabilitation and general corporate rehabilitation is not simply a matter of "easy" or "difficult." Simplified rehabilitation is a procedure applied to business income earners with debts below a certain threshold, whereas general corporate rehabilitation arises in cases involving larger debt scales or more complex corporate structures. What is important in rehabilitation proceedings is not the application itself, but the feasibility of the rehabilitation plan. Going concern value, liquidation value, monthly repayment resources, the possibility of creditor consent, and the feasibility of maintaining business operations must be considered together. The main topics covered in this video are as follows: 00:00 Questions from CEOs considering corporate rehabilitation/business rehabilitation 00:40 Basic differences between rehabilitation and bankruptcy 01:30 Cases where corporate rehabilitation/business rehabilitation is necessary 02:30 Differences between simplified rehabilitation and general rehabilitation 03:40 Application requirements for rehabilitation proceedings 04:50 Overall flow of corporate rehabilitation proceedings 06:00 Commencement decision, investigation committee, rehabilitation plan 07:20 Creditor consent and approval decision 08:30 Duration of rehabilitation proceedings 09:30 Materials the CEO must prepare 10:30 Which should be chosen: rehabilitation or bankruptcy? The materials that the CEO must prepare in rehabilitation proceedings are as follows: * Recent financial statements and tax return data Corporate bank account transaction history List of creditors and amount of debt Sales data and status of major business partners History of overdue wages, severance pay, and four major social insurance contributions History of overdue national and local taxes List of assets including real estate, vehicles, machinery, and inventory History of ongoing lawsuits, seizures, and provisional seizures Future sales plans and monthly cash flow statements Materials to explain the feasibility ...