Insolvency and elimination of debts. What to do and what not to do. […]
The lawyers at White Baos Abogados and our external collaborators have specific training and background in the field of bankruptcy and insolvency law in Spain, providing legal advice in cases of insolvency and financial problems that affect companies, but we also advise businessmen, professionals, or individuals.
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THERE are a number of foreign nationals, both individual and companies, who are unable to honour their debts but have assets in Spain, (in many cases real estate, bank accounts, etc.) in addition to assets in their country of origin. In such cases, it is possible that the debtors themselves, or where appropriate, the representatives […]
IN principle under Spanish law an individual is responsible for the payment of his debts using present and future assets. This does not apply to companies who cannot pay their debts due to insolvency but individuals may have a second chance, that allows them to cancel all their debts and start again even if they […]