bankruptcy lawyers spain › Legal Services Spain

Unsuccessful enforcement by the creditor as a basis for the necessary bankruptcy application

Unsuccessful enforcement by the creditor implies the existence of a title by which enforcement has been effected, without sequestration resulting in sufficient unencumbered assets for the payment of the outstanding credit.

Changes in the Bankruptcy Law in Spain

The Royal Decree-Act 4/2014 is focusing on the refinancing agreements which may include waivers and capitalisation of debt and deferral payments. These agreements will essentially make the heavy burden of debt much more manageable for businesses.

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