7th Floor, 1000 A. Mabini corner T.M. Kalaw Streets, Ermita, Manila.
P.O. Box EA-44 Ermita, Manila 1000 Philippines
With the fast-paced and aggressive economic progress of the modern world, enterprises unable sustain their competitive edge inevitably fall. These entities experience financial turbulence, ranging from insolvency to bankruptcy. Insolvency contemplates the inability of an entity to immediately satisfy credit or pay debt due to lack of liquidity or to accumulation of negative net assets–the former situation referred to as cash-flow insolvency and the latter called as balance-sheet insolvency. A business may be cash-flow insolvent but balance-sheet solvent if it holds non-liquid assets, that cannot be immediately realized if called upon to do so. Conversely, a business can have negative net assets showing on its balance sheet but still be cash-flow solvent if ongoing revenue is able to meet debt obligations, and thus avoid default.
On the other hand, unlike insolvency, bankruptcy transpires when the entity cannot settle debts at all.
Existing laws on financial distress rest on the remodeling of the financial and organizational structure of debtors so as to permit the rehabilitation and continuation of their business. On both situations, GANCAYCO BALASBAS & ASSOCIATES assists clients undergoing through such fiscal challenges by recommending debt restructuring or other remedial measures.
The success of the economy of any developing country, may in part be attribut...
With the fast-paced and aggressive economic progress of the modern world, ent...
A corporation is an artificial being created by operation of law, having only...
Always seeking to promote fairness in all areas within its sphere, the govern...
We also handle queries and referrals that involve intensive work and/or compl...
In world where success is usually gauged based on economic stature in the wor...
GANCAYCO BALASBAS & ASSOCIATES acknowledges that partnerships, as compare...
Commercial property refers to land or establishment intended to generate a pr...
GANCAYCO BALASBAS & ASSOCIATES recognizes the importance of estate planni...
GANCAYCO BALASBAS & ASSOCIATES assists clients in their legal needs when...
House Purchase requires a wide area of knowledge in Land Titles and Deeds, Ag...
Trust is a relationship whereby property, whether real or personal, is held b...
GANCAYCO BALASBAS & ASSOCIATES recognizes the importance of estate planni...
Criminal litigation refers to the process of prosecuting an accused for...
Civil litigation is that part of litigation that involves private relations such...
Money claims arise from injurious acts of individuals ranging from non-complianc...
Literary and artistic works are original intellectual creations in the litera...
GANCAYCO BALASBAS & ASSOCIATES likewise prosecutes clients' civil and...
GANCAYCO BALASBAS & ASSOCIATES prosecutes clients' cases in Inter Par...
GANCAYCO BALASBAS & ASSOCIATES prosecutes clients' administrative cas...
Patentable Inventions consist of any technical solution of a problem in any f...
"Mark" means any visible sign capable of distinguishing the goods (...
Common carriers are an everyday part of our living. Whether goods or passenge...
Gancayco, Balasbas and Associates understand that in order to maintain competiti...
Mediation and arbitration are both alternative methods of dispute settlement....
The Philippines citizenship is acquired by two modes, that is By birt...
The emergence and prevalence of criminal offenses that cut across borders pro...
GANCAYCO BALASBAS & ASSOCIATES can assist you in obtaining various permit...
GANCAYCO BALASBAS & ASSOCIATES dedicated its years of practice specializi...
GANCAYCO BALASBAS & ASSOCIATES also handle queries and referrals that inv...