The practice

Bankruptcy law is an area of law with extremely complex and intricate legal provisions, which requires the assistance and advice of dedicated professionals. The dedicated Bankruptcy Practice at EPAM is distinctive from other law firms. In recent years, the Firm’s lawyers have been involved in more than 300 bankruptcy proceedings.

The Firm’s attorneys advised in bankruptcy proceedings, representing creditors, debtors, and bankruptcy trustees, including the Deposit Insurance Agency. Our many years of experience show that, in order for assets to be recovered, it is not sufficient for creditors to rely on bona fide performance by bankruptcy trustees of their duties. Actual recovery of money may be facilitated only by one’s own proactive defence.

Engaging experts to represent parties in bankruptcy proceedings helps to efficiently address and solve problems, taking into account the numerous legal conflicts existing in the Law that surface only through litigation.

Presently, the Firm’s attorneys possess vast practical experience, are equipped with knowledge of a variety of methods to counter unscrupulous debtors and protect parties to bankruptcy proceedings, and have document templates allowing for prompt response to any changes in bankruptcy procedures and saving client’s time.

Practically every bankruptcy case we worked on stretched far beyond the bankruptcy court proceedings themselves. The objectives of each of these projects are to: untangle the schemes used to siphon off money or other debtor’s assets; dispute dubious transactions made by the debtor on the eve of bankruptcy; take action against managers and owners and other steps.

Furthermore, the Firm has unique experience in preventing the bankruptcy of strategic companies and facilitating their financial rehabilitation.


The remedies that the Firm’s experts may use include, but are not limited to, the following:

  • drafting and filing petitions for debtor's bankruptcy;
  • including a creditor in the register of creditor claims;
  • disputing claims made by unscrupulous creditors;
  • participating in creditors’ meetings/ committee meetings;
  • objecting to debtor’s financial standing analysis, opinions confirming absence of premeditated bankruptcy signs;
  • reporting crimes in connection with bankruptcy proceedings to law enforcement authorities.

The team shows "creative thinking, dedication, and the ability to provide brilliant ideas in very short timeframes." (Chambers Europe 2020)

"They don't just consult, but provide practical solutions." (Chambers Europe 2020)

“Egorov Puginsky Afanasiev & Partners’ lawyers have remarkable professional instincts and are attentive to details. They thoroughly review everything, build efficient strategies, and achieve outstanding results.” (The Legal 500 2020)

“This is a top-notch firm for restructuring and insolvency cases... Clients benefit from their deep knowledge of the law, superb performance in courts, and high efficiency.” (The Legal 500 2020)

"One of the most prominent bankruptcy practices" (The Legal 500 2019)

"One of the strongest teams in bankruptcy litigation" (Сhambers Europe 2018)

"Strong on talent, technically excellent and very hard-working" (Chambers Europe 2017)

“The best lawyers for bankruptcy cases I’ve ever met". "It's a very impressive team: smart, efficient, results-oriented and made of real fighters" (Chambers Europe 2016)

“It expertly evaluates legal risks and it's also very client-oriented; its priority is to resolve the client’s problem” (Chambers Europe 2015)

For more testimonials please follow the link.