Bankruptcy
What does the pars condictio creditorum mean?
All bankruptcy proceedings must pursue the maximum satisfaction of creditors, complying with the principle of equal treatment. Pars condictio creditorum implies that creditors with the same condition, with the same…
Liability for aggravation of insolvency
Liability for aggravation of insolvency should be thefirst red alert of any company with financial difficulties.
Practical Guide to the creditor´s agreement
The creditors agreement seeks to satisfy them by taking away and / or waiting on the credits agreed by the debtor and the ordinary creditors.
Non-compliance with the duty to file for insolvency proceedings
The debtor must file for insolvency proceedings within two months from the time he becomes aware or should have become aware of his insolvency.
The 7 keys to file for insolvency proceedings
The keys to file for insolvency proceedings must be known, since if they are not followed, the application will probably be denied.
Pre-pack in the Spanish insolvency procedure
The "pre-pack" refers in Anglo-Saxon terminology to what in Spain we understand as the sale of production units
Can a bank be responsible for the debts of the companies it refinances?
For banks, it is crucial to know whether they will be held liable for corporate debts after refinancing. If there is liability, these entities may not agree to the refinancing,…
New Spanish Bankruptcy Law
The bankruptcy law was approved in 2003. Since its approval, it has undergone countless modifications that have adapted it to the reality of the socio-economic environment.
Termination of contracts in the Bankruptcy Procedure
When is a contract terminable if one of the parties is in bankruptcy ?: When there is damage to the active mass of the bankruptcy
Parent Company, Subsidiaries and Bankruptcy Procedure
Can a decision by the parent endanger the viability of one or more subsidiaries, and does the parent need to compensate it in any way?
