온라인 바카라

1. Case summary

① Who did Barun Law represent? 온라인 바카라 (attorneys Park Jae-hyeong and Lee Eung-gyo) represented a company engaging in manufacturing ink products (“Company A”).

② Case background: The real manager who was running Company A suddenly died due to an acute myocardial infarction. As a result, inheritance occurred. In a situation where Company A could no longer be operated due to the absence of the manager, the spouse of the manager, who was nominally in the position of the representative director, filed for bankruptcy.


2. Issues

① The client, who was the spouse of the real manager and the nominal representative director of Company A, requested us to find a way to have the manager’s active property be inherited only by her children except for her who was jointly guaranteeing the debts of Company A.

② The issue was to prove that Company A met requirements for bankruptcy in a situation where the manager of Company A suddenly became absent, it was unclear whether the liabilities of Company A exceeded the assets under the financial statements and the court that received the bankruptcy petition expressed a strong doubt as to whether the bankruptcy requirements were met.


3. Our case and rule

① In relation to a way to exclude the spouse from heirs, 온라인 바카라 suggested the two options: the division of inherited property by agreement and the renunciation of inheritance. Considering the recent precedent upheld by the Supreme Court of Korea that the division of inherited property by agreement could be subject to cancellation on the ground of a fraudulent act, but the renunciation of inheritance is not regarded as a legal act regarding property rights, 온라인 바카라 selected the latter. Then, 온라인 바카라 filed a request for a judgment on renunciation of inheritance with the family court. The family court accepted the request in less than one month. As a result, the client successfully completed the division of inherited property as intended by her.

② In relation to bankruptcy requirements to be met by Company A, 온라인 바카라 substantiated that the assets were inflated under the financial statements. In particular, 온라인 바카라 were able to succeed in proving that the actual value of inventory was almost nothing unlike statements in accounting books, creating and submitting transaction statements with waste treatment vendors. 온라인 바카라 proved that the liabilities of Company A exceeded the assets, and emphasized that the operation of the company was no longer impossible. As such, 온라인 바카라 successfully received a bankruptcy sentence for Company A.


3. Implication

In the above case, 온라인 바카라 had to deal with both personal inheritance issues and corporate bankruptcy that were resulted from the death of a manager. The key was to come up with a strategy to protect the client’s interests as much as possible by comprehensively considering the mutual effects of the two legal relationships. 온라인 바카라 suggested a solution suitable for the client’s needs, and made that solution be successfully realized.


ㅁ Attorneys in charge: Park Jae-hyeong and Lee Eung-gyo