What documents must be prepared to file an application for corporate bankruptcy?

To proceed with an application for corporate bankruptcy, the documents to be submitted to the court are very varied, and thorough preparation in advance is necessary.

First, the bankruptcy application, which is the most basic document, must state the applicant's trade name, the location of its principal office or place of business, the name of its representative, and the like.

In addition, the purport and cause of the application, the business purpose and current status of operations, the status of capital and liabilities, and information on shares or equity interests must also be included.

And when filing an application for corporate bankruptcy, the following attached documents must also be submitted.

▶ A list of creditors (including each creditor's name, address, amount of the claim, type, whether there is security, whether litigation is pending, and the like)

▶ A certified copy of all corporate registration matters

▶ Minutes of the board of directors, the articles of incorporation, the register of shareholders, and the company organization chart

▶ Settlement reports for the last 3 years and comparative financial statements

▶ Liquidation-related documents (a liquidation balance sheet, a liquidation asset list, and the like)

▶ A list of real estate and movable property, the corporate bond register, and security-related materials

▶ Documents related to provisional attachment, provisional injunction, auction, and litigation

▶ Registration matters and settlement materials of subsidiaries or affiliates

As such, because an application for corporate bankruptcy involves a complex procedure and a vast amount of documents to be prepared, it is very important to obtain the assistance of a legal professional with abundant experience in this area.