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Solutions for companies that cannot meet their contractual commitments Covid 19: Solutions for companies that cannot meet their contractual commitments Through RD 463/2020 of March 14 the government declared a state of alarm in order to deal with the health emergency caused by the coronavirus (COVID-19), forcing confinement of citizens and the closure of establishments […]

Effects of the state of alarm on insolvency proceedings . . With the declaration of the state of alarm due to the health emergency caused as a result of COVID-19, our economy has been greatly affected, since there are numerous self-employed and companies that have been forced to close their businesses in order to face

The out-of-court settlement of payments in cases of insolvency Out of court settlement of payments The extrajudicial payment agreement is a mechanism included in the Bankruptcy Law that tends to resolve insolvency situations of natural or legal persons outside the courts. It was created with the aim of facilitating a third party, called bankruptcy mediator,

What is an express contest? Express contest The express bankruptcy is a form of bankruptcy that is articulated in bankruptcy legislation for companies in a situation of insolvency that lack sufficient assets to be able to satisfy, not even, the credits against the mass. In other words, for companies that do not have assets of

Voluntary bankruptcy The health crisis situation caused as a result of Covid-19, accompanied by the paralysis of a large part of the economy, has led many companies to find themselves unable to face the their debts, being able to use, to face their insolvency situation, a legal tool, such as bankruptcy. What is a voluntary

What is the Pre-Bankruptcy Law The Law on pre-bankruptcy law after the reform of Royal Legislative Decree 1/2020 On May 7, it was published in the Official State Gazette Royal Legislative Decree 1/2020, of May 5, approving the revised text of the Bankruptcy Law (TRLC), which will enter into force on September 1 and whose