bankruptcy proceedings
Hello, I am reaching out to you because my lawyers cannot handle this matter due to a conflict of interest. I was self-employed until recently and sold my company. By chance, the borrower (buyer) was from the same bank where I also had loans. When the bank heard about the sale, they immediately initiated insolvency proceedings. The buyer's loan was approved and withheld at the same time, except for the down payment for the transfer. The amount that the bank is demanding would be covered by the remaining proceeds from the sale. However, both the bank and the insolvency administrator categorically refuse this. Following my lawyer's advice, I proposed a solution to the insolvency administrator because my lawyer said that if the requested sum is paid, the process will be completed. I suspect that the insolvency administrator and the bank are working together, why are these gentlemen so eager to push me into insolvency? What can be done to get me out of this situation? I am willing to pay the requested amount to the bank, but they do not want the money, they want the insolvency! Please help me!
