bankruptcy

bankruptcy lawyers and economists, specialists since 2013:

We have worked as insolvency administrators since 2013.

Through our experience in Labor Law we have analyzed all kinds of companies and we have prepared and coordinated feasibility plans in order to justify collective and individual dismissals.

Ever since the enactment of the Bankruptcy Law, it was clear in our minds that this law would be one more tool that would have many repercussions in the workplace. We also knew that companies do reach crisis points, and it was our obligation to thoroughly understand bankruptcy law: when a company is going into dissolution, when it has to file for insolvency proceedings, what the responsibilities of the company's administrator are and what repercussions this has on the company's workforce.

It is essential that our clients know what the worst case scenario is in the event that the labour measures to be adopted are not sufficient. When the labour measures are insufficient, insolvency proceedings are an essential tool to try to ensure the continuity of the company or to liquidate it when the liabilities cannot be met.

LAWYERS AND ECONOMISTS TO COORDINATE THE bankruptcy proceeding:

Our team of lawyers and economists specializes in insolvency proceedings, including as insolvency administrators, and today we can offer comprehensive and effective advice in possible cases of company insolvency.

We are especially prepared for bankruptcy mediation, as well as to offer labour alternatives if an agreement is to be reached.

bankcruptcy timeline:

It is important to prepare the bankruptcy in time because the law requires its presentation within 20 days from the date when the insolvency status becomes known.

1.- It can start with the presentation of a pre-bankruptcy. This measure provides 3 months of time to negotiate a refinancing agreement with creditors. After that time, the bankruptcy application must be submitted.

2.- If you go directly to bankruptcy, you must request the bankruptcy declaration within two months from the date on which you became aware of or should have become aware of your insolvency status.

3.- The bankruptcy, which will have different phases:

• The declaration of bankruptcy: when the bankruptcy administrator is named and the assets and liabilities are determined.
• The agreement: in which an agreement with creditors is reached and implemented to try to overcome the situation.
• The qualification: when a decision is made as to the fault regarding the bankruptcy situation.
• The liquidation: the liquidation of the assets to pay the debt that is reached, which occurs if there is no agreement or if the agreement is breached.

We are proud to be recognized as one of the best lawyers:

If you want us to analyze your particular situation, contact us and we will advise you on the completion of a bankruptcy checklist: