Economic circumstances can mean that a company or an individual that has incurred debts of different types cannot face them. You will then find yourself in insolvency situation and, according to the principle of patrimonial responsibility that is included in current legislation, when a debtor does not comply with his obligation, the creditor may go against his assets to satisfy the obligation that he is failing to fulfill, relying on a judicial process to do so.
BANKRUPTCY LAW
- Advice in the pre-bankruptcy and bankruptcy phase (submission of bankruptcy claims).
Pre-bankruptcy and bankruptcy proceedings. - Debt refinancing or restructuring processes
- Advice on the acquisition and sale of productive units.
- Bankruptcy administration.
- Application of the Second Chance Law. Exemption of liabilities.
- Bankruptcy Mediation
- Preparation of the agreement with creditors.
- Challenge and recognition of credits.
- Defense of the rights of creditors.
- Responsibility of administrators/Bankruptcy qualification piece.
- Realization of due diligence regarding bad loan portfolios and subsequent management of them once acquired by investment funds
- Advice in the phase of bankruptcy liquidation
- Recognition and execution of judicial resolutions issued in foreign bankruptcy proceedings
- Recognition and execution of foreign credits and guarantees in Spanish bankruptcy procedures
BANKRUPTCY ADMINISTRATION
We act as bankruptcy administrator in numerous processes in various judicial districts. Our bankruptcy department, in its role as bankruptcy administrators, operates through the group company called FORNER ABOGADOS Y ECONOMISTAS SLP. This society is approved by respective professional associations.