A struggling business needs accounting and financial assistance. It needs clarification regarding reorganisation opportunities as well as advice on guidelines about its scope for action against incurring liabilities on management.
At KPMG, we have competent employees with numerous years of experience in advising struggling businesses as well as detailed knowledge of the Danish Insolvency Act, including the rules on reorganisation. In addition, we have extensive experience in the role as reconstruction accountant together with the reconstruction administrator when dealing with reconstruction proceedings in a bankruptcy court.
In the case of a default business, we have extensive experience in assisting the liquidator with accounting expertise and advice when divesting the loss-making operations, valuating and disposing of assets, and examining specific circumstances and voidable transactions from before, during and after the default.
KPMG Assurance Services help businesses with the resumption process in connection with compulsory dissolution. We can provide the required independent auditor's report regarding the existence of equity for the purpose of application for resumption with the Danish Business Authority.