What documents do I need to prepare to file for corporate bankruptcy?

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In what cases does delisting usually occur? Also, I heard problems arise with bad audit opinions — what problems occur? And I heard the criteria related to substandard audit opinions was recently changed — could someone explain in detail what specifically was changed? I'm sorry for so many questions.

corporate bankruptcy filing

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To proceed with corporate bankruptcy filing, the documents to be submitted to the court are very diverse and require thorough preparation in advance.

First, the most basic bankruptcy application must include the applicant's trade name, location of the main office or business establishment, and the name of the representative.

It must also include the purpose and reason of the application, business purpose and current status, capital and debt status, and stock or equity information.

Additionally, the following attachments must also be submitted when filing for corporate bankruptcy.

▶ List of creditors (including creditor name, address, claim amount, type, presence of collateral, lawsuit status, etc.)

▶ Corporate registration certificate

▶ Board meeting minutes, articles of incorporation, shareholder register, company organizational chart

▶ Settlement reports for the past 3 years, comparative financial statements

▶ Liquidation-related documents (liquidation balance sheet, liquidation property list, etc.)

▶ Real estate and movable property list, bond ledger, collateral-related materials

▶ Provisional seizure, provisional disposition, auction, lawsuit-related documents

▶ Registration matters and settlement materials of subsidiaries or affiliated companies

As such, the corporate bankruptcy filing procedure is complex and the documents to be prepared are extensive, so it is very important to receive assistance from a legal expert with rich relevant experience.