Bankruptcy

COST OF INSOLVENCY MEDIATION The cost of insolvency mediation shall not exceed the fee received by the insolvency mediator, as set out in the Consolidated Insolvency Act (TRLC): 709.3 Insolvency

Written by Maria Teresa Garasa Commercial lawyer Learn more An out-of-court payment agreement may be requested while a refinancing agreement is being negotiated with creditors. It is an

INSOLVENCY LAWYERS AND THE NEW LEGISLATIVE MEASURES IN RESPONSE TO COVID-19 Ask us anything you need, or find all the information about insolvency proceedings, pre-insolvency proceedings, culpable

Written by Josep Conesa Employment and insolvency lawyer Learn more A debtor — whether an individual or a legal entity — who is currently or imminently insolvent and has not yet been declared

Articles 269 et seq. of the Spanish Insolvency Act set out a classification of claims that is useful both for lawyers specialising in insolvency proceedings and for those taking the appropriate steps

Written by Maria Teresa Garasa Corporate lawyer Learn more Insolvency proceedings will be classified as culpable when: Article 443 of the Spanish Insolvency Act: Where the debtor has

Special procedure for micro-enterprises: The special micro-enterprise procedure is a "unique insolvency mechanism, specially tailored" and "characterised by maximum procedural simplicity" for

CAN DEBTS OWED TO THE Spanish Tax Authority AND Social Security BE DISCHARGED IN INSOLVENCY PROCEEDINGS? The new Insolvency Act 2022 expressly states that public credit — whether debts owed to Social

Requirements for an Express Insolvency Procedure Article 470 of the Consolidated Insolvency Act (TRLC) provides that a judge may order the conclusion of the insolvency proceedings in the same order

WHEN SHOULD I FILE FOR INSOLVENCY OR PRE-INSOLVENCY PROCEEDINGS?

JUDICIAL UNPAID DEBTS REGISTER: We are insolvency specialists. We have compiled here the most important information to help you follow the steps to wind up a company in Spain, or to help it

Social Security CONTRIBUTION EXEMPTIONS – SIXTH ADDITIONAL PROVISION OF ROYAL DECREE-LAW 8/2020 Loss of contribution exemptions for workers covered by a Temporary Layoff Procedure (ERTE) on force

EMPLOYMENT LAW ASPECTS OF THE NEW INSOLVENCY ACT

THE BEPI: Article 178 bis of the former Bankruptcy Law (Ley Concursal) is to be found today in Article 486 and the following articles of the new consolidated text of the Bankruptcy Law. However, the

The second chance mechanism and the discharge of unpaid debts, outlined in Article 486 and subsequent articles of the Bankruptcy Law, help individuals overcome perpetual, unmanageable situations of

THE EXTRAJUDICIAL PAYMENT AGREEMENT TO KEEP THE COMPANY