Recently, lawyers Zhao Jian and Huang Liang successfully recovered 90% (nearly 35 million yuan) of the total debt for a company in Ningbo prior to the liquidation by the debtor, minimizing the loss of the company.

     Since the beginning of this year, due to the double impact of foreign economic recession and domestic macro-control, default rates rise, the number of debt disputes significantly increases, business failures and other events frequently happen. Under this background, companies should hire lawyers to take the precautions. Once the default occurs, legal means should be took to protect claims and avoid greater losses.