Insolvency & Corporate Rehabilitation

From corporate rehabilitation and bankruptcy to workout proceedings,
we provide restructuring advisory that maximizes the interests of both debtors and creditors.

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Overview

Corporate rehabilitation and bankruptcy involves assessing the viability of financially distressed companies and either preserving enterprise value or achieving orderly liquidation through legal proceedings. This field requires a comprehensive understanding of rehabilitation and bankruptcy proceedings under the Debtor Rehabilitation and Bankruptcy Act, workout under the Corporate Restructuring Promotion Act, and private debt restructuring.

PYEONG AN's team, composed of former rehabilitation court judges, restructuring specialists, and financial and tax experts, supports the entire restructuring process — from filing for corporate rehabilitation, drafting and obtaining approval of rehabilitation plans, DIP (Debtor in Possession) operational advisory, rehabilitation M&A, bankruptcy proceedings administration, and creditor representation.

Having represented both debtor-side and creditor-side clients — including financial institutions and creditors' committees — we design optimal restructuring solutions from a balanced perspective that precisely understands the interests of all parties.

We demonstrate differentiated expertise in complex matters including large conglomerate rehabilitation proceedings, construction and real estate PF-related restructuring, and cross-border insolvency cases.

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Key Practice Areas

  • Corporate rehabilitation (court receivership) filing and proceedings representation
  • Rehabilitation plan drafting, amendment, and approval proceeding support
  • DIP (Debtor in Possession) operational advisory
  • Rehabilitation M&A (P-Plan, stalking horse, etc.) advisory
  • Creditor representation (claim filing and creditors' committee participation)
  • Bankruptcy filing and proceedings administration
  • Workout and private debt restructuring advisory
  • Cross-border insolvency representation (COMI determination, foreign proceeding recognition)
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Key Members

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Awards & Recognition

Asialaw Profiles 2025 Restructuring & Insolvency — Outstanding
IFLR1000 2025 Restructuring and Insolvency — Notable Firm
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Recent News