Bankruptcy Services
Filing for corporate bankruptcy is not a decision that is taken lightly. When you decide to follow this route you want to have confidence that the bankruptcy services you use will take care of your matter efficiently and effectively.
Understanding the
Corporate Transparency Act
As someone with decision-making and legal responsibilities in your company you may well feel at a loss as to where to start when it comes to complying with these new regulations. Agile Legal is here to simplify the compliance process and keep you compliant by managing the whole process of meeting the CTA’s requirements.
In order to be compliant with the CTA’s regulations, you must first determine if any of your entities fall under one of the 23 exemptions. For any non-exempt companies, you then need to report your beneficial owners or employees with substantial control over the business. While you may be hesitant to release your personal identifying information, compliance with these requirements will protect your business from harsh fine and penalties.
Agile Legal’s team of attorneys, certified AML professionals, and senior paralegals have studied the new law extensively. We’ve designed a system so we can keep our clients compliant with the CTA’s regulations.
Need More Information About the Corporate Transparency Act?
Don't Expose Yourself to Unnecessary Risk
Missed Deadlines
Disorganization during the planning process can lead to missed deadlines, sending your progress backwards.
Delayed Entry
Non-compliance and unfamiliarity with local regulations may delay your entry into a country, sacrificing your time and money.
Unsuccessful Projects
These and countless other disruptions hinder the success of your projects and complicate meeting performance goals.
Common Problems When Managing Global Subsidiaries
DELAYS
Delays in entering a country are stressful and can impact the bottom line of your business.
BARRIERS
Language, informational, and political barriers make the process of expansion frustrating.
CAPACITY
Lack of local expertise shouldn't hold you back from managing global subsidiaries.
Don’t Let The Many Dimensions Of Bankruptcy Matters Overwhelm Your Capacity
From preparation and filing to management and discharge, there are dozens of elements to keep track of in order to ensure the best possible outcome for you and to secure your business interests. When you are leading your company and staff through bankruptcy you don’t want to be tied up and distracted by time consuming tasks that can be handled by external bankruptcy services.
Secure Your Business Interests
You don’t have to figure out everything you need to do in your bankruptcy matter. Our expert paralegals and legal professionals will accompany you every step of the way.
You can focus on decision-making and big picture planning instead of being distracted by the legal project management of your bankruptcy matter.
Avoid spending valuable hours managing schedules with courts, meetings with creditors and debtors, so you can wind up your entity in a timely manner.
Managed Services For Corporate Transparency Act Compliance
Stay In Control Of All The Moving Parts Involved In Bankruptcies
Policy Creation
- Reporting
- Changes
- Monitoring
- Communication
BOIR Preparation
- Help verify Beneficial Owner information
Beneficial Owner Identification
- Identify and document Beneficial Owners
by interest and substantial control
Reporting Company Exemption Analysis
- Review company records & entity charts
- Document exemption status by Reporting Company
- Monitoring
- Communication
BOIR Filing and Monitoring
- File BOIR with FinCEN, filing updates as needed
- Monitor changes to:
- Beneficial Owners
- Reporting Company
- FinCEN and CTA laws and rules
Managed CTA Compliance – Enterprise
- Help verify Beneficial Owner information
- File BOIR with FinCEN, filing updates as needed
- Monitor changes to:
- Beneficial Owners
- Reporting Company
- FinCEN and CTA laws and rules
Managed CTA
Compliance – Lite
- Bankruptcy Questionnaire
- Gathering & Reviewing Documents to Prepare and file petition, schedules, and statement of financial affairs with Electronic Case Files
- For Chapter 11 cases, gather assets and lists of liabilities, property, and business affairs
- Conduct property appraisal, credit report, proof of insurance, and gather tax returns
Petition Preparation
- Assist with preparation and review of first day motions and proposed orders
- Analyze preference liability
- Help prepare for meeting of creditors
- Educate the debtor about the bankruptcy process & provide detailed report on status of filing
- Prepare disclosure statement
Filing
- Ensure all payments have been made and no refund is needed
- Ensure debtor has completed debtor education course
- Run post credit report to make sure no lingering creditors
- Ensure wage deduction/ACH has been cancelled
Discharge
- Review plans for viability with changing circumstances
- Monitor plan compliance, track payments and deadlines for lump sums
- Draft and review proofs of claim and modifications
- Correspondence with other counsel, trustee, creditors and debtors
- Handle case issues such as claim objections, relief from stay, stipulations and drafting modified plans
- Review professional invoices and revise fee statements for compliance with bankruptcy rules
- Cite-check/Bluebook pleadings
- Calendar court deadlines, notices for hearings, objection deadlines
- Monitor debtor payments by handling delinquencies, missing payments and tracking wage garnishment or ACH issues
- Register out of state judgments
- Handle requests for special notice
- Prepare & submit monthly operating reports
- Draft amendments, appeals, designation of contents, statement of issues and cross appeals
Management
Global Subsidiary Management Tiers
To simplify your entity management, Agile Legal has designed tiers that package our management services, making it easier for our clients to get the help they need.
Not Sure What Services You'll Need?
Contact our international team and we can advise what tier is best for you.
Where We Can Assist With Global
Subsidiary Management
We have extensive country coverage across the globe
This map shows the countries where Agile Legal currently manages entities. These countries are categorized either as Band A or Band B. These bands are based upon the differing levels of complexity of corporate compliance for entities in those countries.
Band A countries have fewer and less complicated regulations for entities than countries in band B. This often correlates with whether a country has a civil law or a common law legal system. Countries with civil law systems tend to be more bureaucratic and stringent with compliance, requiring more work and expertise.
Learn more about the impact of common law and civil law legal systems on global subsidiary management in our blog article.
Looking to Dissolve a Global Subsidiary or Branch?
Agile Legal provides cost-effective and timely rationalization services to help you dissolve underperforming subsidiaries and branches. Check out our International Services page to learn more.
How the Corporate Transparency Act Affects
Formations & Dissolutions
The CTA affects a wide range of fields, and formations and dissolutions are no exception. While the CTA is still in its infancy and will likely be changing as 2024 progresses, these infographics demonstrate how the current state of the CTA affects corporate formations and dissolutions.
Unsure Where to Start with International Support?
Use our contact us page to get in touch with us to see if working with the international team is a good fit for you.
Need International Support?
We have extensive country coverage across the globe
Contract Clause Library
Concerned about your knowledge of different contract definitions?
View our contract clause library to stay up to date with the terminology you should be using in your contracts.
Client Testimonial
Our Process
Order a Legal Service
Tell us your needs.
Follow Up Call
We will arrange a time to speak to you about getting the help you need.
Safeguard Your Success
You will get the services you need.
Have Outstanding Questions About the CTA?
Agile Legal’s team of CTA experts are ready at your disposal to answer any questions you may have about the CTA and its compliance requirements. Book a meeting with us to get 1:1 support from our compliance professionals.
Bankruptcy Services and Support
Agile Legal Services provides comprehensive bankruptcy services and support for all bankruptcy proceedings for both creditors and debtors under Chapter 7, 11 and 13. Our team of virtual attorneys, paralegals, and other legal professionals have years of experience in petition preparation, drafting of motions and objections, ECF filings and case management. Agile Legal helps clients manage costs throughout the process by providing support only when you need it. Our fee models fit into your legal budget so you will better manage the legal spend when supporting bankruptcy projects. Agile Legal provides these services in varying combinations of fixed fee or an hourly basis enabling you to have more predictable costs. Call or email us today to learn more about how we can help you manage your bankruptcy projects.
Looking to dissolve a foreign entity?
Check out our rationalization services.