Insolvency and Creditors’ Rights

Kambourov & Partners has one of the longest-established insolvency and restructuring practices in Bulgaria, with experience dating back to the introduction of the modern insolvency framework under the Bulgarian Commerce Act. Over the years, the team has advised major creditors, financial institutions, investors and corporate stakeholders in some of the country’s most significant and legally complex insolvency and restructuring matters.

The practice provides comprehensive legal support in insolvency, restructuring and distressed situations, helping clients protect their interests, preserve value and navigate challenging financial circumstances. We advise on all stages of insolvency proceedings, including creditor representation, insolvency-related litigation, enforcement actions, asset recovery, bankruptcy investigations and cross-border insolvency matters.

The team has extensive experience in both judicial and out-of-court restructurings. We regularly assist clients with debt restructurings, workouts, business reorganisations, refinancing transactions, distressed acquisitions and the implementation of restructuring solutions designed to preserve viable businesses and maximise recoveries for creditors and stakeholders.

Working closely with the firm’s banking, finance, corporate and dispute resolution practices, we develop practical and commercially focused solutions for distressed businesses, lenders and investors. Our lawyers combine deep knowledge of insolvency law with a strategic understanding of financial, operational and regulatory considerations, enabling clients to manage risk and respond effectively to complex restructuring scenarios.