Detail…
The economic and financial crisis of recent years has forced us to apply an bankruptcy Law that, enacted during a period of economic prosperity, has been subject to countless reforms that have gradually provided the necessary coverage for the specific problems that had arisen. Thus, through the forced learning experience that the delicate situation in which we have found ourselves has imposed on society as a whole, we have gradually destigmatized the degrading reason that the insolvency process itself entailed, considering it instead as a suitable means of restructuring companies or, ultimately, carrying out an orderly liquidation that provides the maximum satisfaction to the parties involved. This is without forgetting the important mechanisms for debt relief and second chances granted to individual debtors.
The professionals who make up the bankruptcy department, with extensive experience forged under the previous regime pertaining to the old suspension of payments and bankruptcy procedures, serve as bankruptcy administrators in numerous bankruptcy proceedings. They have also initiated bankruptcy filings for both individuals and legal entities, providing advice and defense for the bankrupt. Therefore, they are specialists and perfect connoisseurs of the various components that make up bankruptcy law, as well as its regulations, jurisprudence, and doctrinal criteria, including the profound and novel changes
brought about by the enactment of Law 16/2022, of September 5, which reforms the Consolidated Text of the Bankruptcy Law. Among them:
Points sumary…
- Notification to the competent court of the initiation of negotiations with creditors, or the intention to commence them immediately, to reach a restructuring plan that allows overcoming the current situation.
- Restructuring plans.
- Filing for voluntary or involuntary bankruptcy.
- Special procedure for microenterprises.
- Assistance and defense in the common phase, agreement, and liquidation, in all types of bankruptcy incidents, as well as in the conclusion and rendering of accounts.
- Obtaining the benefit of discharge of unpaid debts for the individual debtor.
- Assistance and defense in the qualification piece of the insolvency proceedings.