The number of bankrupt debtors shot up 85% annually in the second quarter, to 2,620 By type of contest, a total of 1,415 volunteered (4.5% more than in the second quarter of 2020), while there were 1,188 consecutively (new categorization in 2021 ), and 17 necessary (72.6% less than in the second quarter of 2020). […]
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Restructuring of the company as an alternative to bankruptcy The economic downturn caused by the COVID-19 crisis has placed many companies in insolvency situations that require swift action to achieve company viability. Spanish regulations offer alternatives to ensure the survival of the business, being in any case necessary a good previous study of the situation
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What type of bankruptcy exists and how are they declared? Although the bankruptcy can lead to the closure and liquidation of the company after a situation of lack of liquidity, if requested on time, it does not have to mean the certificate of death of the business but one more tool offered by the Spanish
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liquidate a company What is and how to liquidate a commercial company What is a company? If we had to define what a company is in a simple, clear and not so technical way, we could take into account the definition of the economist Sanchez Galán: “A company is an organization of people and resources
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Avoid bankruptcy in the hotel sector Introduction Hotels are businesses seriously affected by the Covid-19 pandemic, just like other establishments in the tourism sector. The lack of mobility caused by the social alert in general, and by the restrictions imposed by the administrations in particular, caused a sudden decrease in social displacements and in the
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Are the courts exonerating credits of a public nature after the reform of the Bankruptcy Law? For years there has been a wide controversy regarding the applicability of the Dissatisfied Liability Exemption Benefit (BEPI) or, as it is commonly known, “Second Chance< /strong>”, to public law debts, that is, those that the debtor maintains with
Can entrepreneurs get a second chance in the face of business failure? The second chance of the entrepreneur strong> consists of an out-of-court negotiation procedure between the debtor businessman and his creditors, in order to reach an understanding on the form of payment that can benefit both parties without impoverishing the debtor. This understanding will
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How is a second chance procedure or BEPI processed? How is a second chance procedure processed according to RD 1/2020, consolidated text of the bankruptcy law? Budgets to obtain the Second Chance or BEPI The basic budget on which depends what is commonly known as Second Chance or, as scientific doctrine calls it, BEPI (Unsatisfied
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Limits to the tax liability of administrators due to cessation of company activity Article written by María Olivares Sánchez, an expert in Bankruptcy Law and published in the newspaper Economist & Jurist. The claim of the AEAT to obtain the collection of debts accumulated by inactive mercantile companies charged to their administrators is not new.
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Properties not registered in the Land Registry Problems of properties not registered in the Property Registry The registration of a property in the Land Registry is always advisable. The main purpose of registration is to prove ownership to third parties. Sometimes the registry information does not match the real ownership of the properties, which often
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