Tag Archive for: Bankruptcy

Business Bankruptcy in Spain: Common Questions Answered

What is business bankruptcy in Spain? Business bankruptcy (concurso de acreedores empresarial) applies to companies that can no longer pay debts. It can lead to: Restructuring: The business continues operating under a payment plan. …

Personal Bankruptcy: Common Questions and Answers

What is personal bankruptcy in Spain? Personal bankruptcy allows individuals to restructure or eliminate debts they cannot repay. It is governed by the Second Chance Law (Ley de Segunda Oportunidad), which provides a legal path to debt relief…

Spanish Liquidation and Bankruptcy: Frequently Asked Questions

What is bankruptcy (concurso de acreedores) in Spain, and how does it work? Bankruptcy in Spain is a legal process for individuals and businesses that cannot meet their financial obligations. It allows for debt restructuring or liquidation…