Corporate Bankruptcy
Through legal and secure corporate liquidation, we terminate the CEO's personal liability arising from joint and several guarantees and criminal liabilities.
A simple business closure notification only eliminates the corporate shell, leaving the debt itself intact. Creditors' provisional attachments and lawsuits will target the individual representative, and criminal risks such as criminal charges for wage arrears and fraudulent evasion of compulsory enforcement will materialize. Only through a court-led, fair corporate bankruptcy procedure can all corporate debts be legally extinguished, and the CEO's personal criminal risks be completely separated.
If preferential payments were made to specific creditors or assets were sold at a low price just before bankruptcy, transactions may be canceled or criminal liability may arise due to the bankruptcy trustee's exercise of the right of avoidance. MAST strictly analyzes financial status and legal relationships prior to application to proactively mitigate such risks. Especially in startup bankruptcies, MAST's differentiated expertise lies in legally resolving venture capital (VC) RCPS redemption demands and investment contract violation issues to protect the representative from personal liability.
Key Services
Strategic Diagnosis·Procedure Execution
We provide rigorous financial architecture analysis and represent companies through complete bankruptcy proceedings to ensure a legally secure dissolution.
- + Corporate Financial Structure Analysis and Optimal Solution Diagnosis (Closure vs. Bankruptcy vs. Rehabilitation) (CPA Collaboration)
- + Representation for Corporate Bankruptcy Applications and Overall Procedure Execution
- + Consultation with Bankruptcy Trustee and Response to Claims Investigation/Confirmation Proceedings
- + Simultaneous Liquidation Consulting for Overseas Debts/Overseas Branches (Cross-border Bankruptcy)
Executive Risk Mitigation·Liability Defense
We insulate management from the personal transfer of corporate liabilities, discharge executive credit exposures, and defend against corporate criminal risks.
- + Proactive Defense and Response to Avoidance Actions
- + Release from CEO's joint and several guarantees and Integrated Individual Rehabilitation/Bankruptcy Consulting
- + Pre-analysis and Defense against Executive Criminal Punishment Risks (Embezzlement, Breach of Trust, Wage Arrears)
- + Substantiation of conditions for exemption from controlling shareholders' secondary tax liability
Startup Disputes·Employee Welfare Coordination
We resolve complex contractual and investment frictions with venture capitals unique to startup liquidations and coordinate public wage relief claims.
- + Coordination of Startup RCPS Redemption Obligations and Investor (VC) Disputes
- + Facilitating applications for government-backed payments of employee wages/severance pay