Last one ends this Thursday extension of bankruptcy suspensionAgreed and exempted by state of alert in March 2020 companies in bankruptcy filing for bankruptcy. Experts predict bankruptcy thresholdalthough they will not be immediately, as it is the term that will put this statement into effect. Two months. In other words, the requirement to present a contest will be really effective. from 1 September
“Companies have a margin there “To avoid triggering processes that do not correspond to real solvency status,” First Vice President and Minister of Economic Affairs Nadia Calviño said at a press conference after the Cabinet on Monday. reduce the times involved in bankruptcy law reformIt will be approved by the Congress of Deputies this Thursday, but it still has to pass the Senate process.
According to the lawyers cooperative Legal NetworkWhen the moratorium expired and these two months had elapsed, in Spain “close 40,000 zombie companies technical bankruptcy”, which suggests that “bankruptcy proceedings could increase rapidly”. During those two years of no competition, there were companies that had no choice but to activate this bankruptcy situation.
Special, Bankruptcy proceedings increased 37.5% in 2021 Compared to the previous year, the increase in 2020 was 57 percent compared to 2019, General Judicial Council (CGPJ). According to that specialist firm RZS Lawyersit is “very likely” that Spain in 2022 will “five times the competition before the real estate crisis” by the time the 10,000 creditors competition in 2013 surpasses the record number.
law reform
The purpose of this reform is to “facilitate pre-bankruptcy situations and a faster system to prevent the liquidation of companies”, explains the deputy dean of the Spanish Registrars, José Miguel Tabares. “Although another question what about the finally approved text”. Between Changes Highlights one who is liberating, promoted in Congress SMEs Y freelancers According to El Periódico de España, a newspaper published by the Prensa Ibérica group and this media, their companies went bankrupt for 20,000 euros (10,000 in the Treasury and 10,000 in Social Security).
The procedure will be as follows: For the first 5,000 Euro debt the exemption will be in full; for the remainder this will reach 50% up to the total maximum of 10,000 Euros. Thus, if a businessman or business woman goes bankrupt and owes 8,000 euros to the Treasury, she can get rid of 5,000 euros in the first place and half of the remaining 3,000 euros; Total: 6,500 Euros laundered. Or, if the debt owed to the Treasury after bankruptcy is 12,000 euros, the acquittal may cover 5,000 euros and half of the remaining 7,000 euros; 8500 in total.