Insolvency and elimination of debts. What to do and what not to do. […]
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Insolvency and Bankruptcy Law in Spain, Individuals and Companies. Second Opportunity Law
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In this section we publish legal articles and real court cases of your law firm. Consult your doubts in our database
Bankruptcy of foreign individuals and companies in Spain. Insolvency Process Recognition. Territorial Insolvency Process.
In this article, we are going to talk about Bankruptcy in Spain. Both for foreign individuals and companies. THERE are several foreign nationals, both individual and companies, who are unable to honor their debts but have assets in Spain, (in many cases real estate, bank accounts, etc.) in addition to assets in their country of […]
Insolvency of individuals (not companies). Second Opportunity Law. Cancelation of the debts and start again. Bankruptcy. Legal advice.
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 […]
