Corporate Rehabilitation Proceedings | Corporate Rehabilitation Attorney Assists a Medical Device Distribution Company, Leading to a Decision Approving Simplified Rehabilitation

The corporate rehabilitation attorney analyzed the status of transaction contracts with major medical institutions and recent sales data, actively substantiating that the client company was continuously carrying out business activities.

The attorney also organized and submitted delivery performance by client and the details of orders expected in the future, emphasizing that the company maintained a stable sales structure separate from the temporary shortage of funds.

In addition, on the basis of the held inventory and the sales network, the attorney proved that the company had sufficient potential to generate future profits and argued that its going-concern value exceeded its liquidation value.

The corporate rehabilitation attorney distinguished debts to financial institutions from general commercial debts and established a repayment plan consistent with the actual financial situation of the client company.

In particular, the attorney designed a realistic structure of installment repayment reflecting the schedule for collecting accounts receivable and the expected scale of sales, and prepared the rehabilitation plan so that the business would not be weakened by excessive outflow of funds.

The attorney also concretized a debt adjustment plan that balanced the protection of creditors' rights and the company's potential for rehabilitation, focusing on increasing the likelihood of approval.

The corporate rehabilitation attorney systematically organized the financial and business materials required during the course of the simplified rehabilitation proceedings and responded to the review by the court and the relevant agencies.

The attorney also explained in detail the status of the client company's retention of clients and its future management improvement plan, actively emphasizing the feasibility of the rehabilitation plan.

Furthermore, so that the rehabilitation plan could be carried out stably even after approval of the corporate rehabilitation proceedings, the attorney reviewed the fund operation plan and the debt performance plan together, assisting in laying the foundation for normalization of the business.

The rehabilitation plan must not violate the law and must satisfy the principles of fairness and equality among creditors.

In addition, it must be proven that continuing to operate the company is more favorable to creditors than liquidating it.

In the case of simplified rehabilitation proceedings, some of the requirements for approval are relaxed, but the feasibility of the rehabilitation plan still remains an important factor in the judgment.

A corporate rehabilitation attorney reviews the financial records, the list of creditors, and the statement of assets for the application to commence corporate rehabilitation proceedings, and systematically prepares the documents to be submitted to the court.

In addition, during the examiner's due diligence process, the attorney explains the company's business status and revenue structure, responds to inquiries regarding the possibility of rehabilitation, and provides support so that the proceedings can proceed smoothly.

During the creditors' meeting, the attorney demonstrates the necessity and feasibility of the rehabilitation plan and reviews measures for adjusting rights that reflect the creditors' opinions.

Daeryun, the ninth-largest law firm in Korea (based on 2025 National Tax Service value-added tax filings), provides systematic support throughout the entire corporate rehabilitation process through the collaboration of specialists in each field, including corporate rehabilitation attorneys and accountants.

If a review of corporate rehabilitation proceedings is needed due to deteriorating liquidity or debt burden, information on a suitable resolution is available through the 🔗legal consultation page.