this Valencia Community Official College of Auditors warned about something 33% increase in bankruptcy cases in Augustcompared to the same period of the previous year. Mother Why? this increase Withdrawal of the bankruptcy suspension set by the Government due to the health crisis and economical and ended in July as reported by the entity in a statement.
After the auditors learned the data on the competitions published by the Trade Registry, The number of bankruptcy cases in the community rose to 32 Valenciana is 33% more, which is 17% above the national average. The Valencia region, along with Madrid and Catalonia, are among the worst on the national average as they jointly account for around seven of the 10 competitions offered.
According to José Andreu, member of the Valencia Community Supervisory Board and in charge of judicial affairs, this issue is “consistent with the withdrawal in July of the extraordinary moratorium introduced due to the crisis health and economy in our country”.
However, as announced already in June INFORMATIONwarned bankruptcy proceedings beat them historical record in the province of Alicante during first quarter of the year. But in this case, it wasn’t the companies – for which this procedure was originally intended – that triggered these numbers. Number of processes started for the first time in history private citizens exceeded those recorded by companies and freelancers, after almost 35% shooting During the last year.
An increase in which experts were linked at the time coup He Pandemic existed in many domestic economies, but above all, the so-called Second Chance LawThis allows everyone to get rid of their debts permanently, provided they can prove that they tried to pay by all means available and were unsuccessful.
Figures from the beginning of the year The Community of Valencia is among the Spanish autonomies with the largest increase in the number of competitionsIt exceeded the national average with an increase of 15.6%.
José Andreu said, “A good part of this increase is difficulties faced by companies in the service sector and freelancersmore heat hostel. Uncertainty in the face of a new bankruptcy regulation that is about to be approved is also affecting this increase, causing collateral problems caused by the war in Ukraine.
On 26 September, Law No. 16/2022 of 5 September will enter into force. Bankruptcy Law reform on preventive restructuring frameworks, debt relief and measures to improve the effectiveness of restructuring, bankruptcy and debt relief procedures.
According to Andrew, “This law aims to ensure the possible continuity of companies and businesses. may be feasible, but is in financial difficulty and therefore may reduce the number of competitions in the coming months when the new pre-bankruptcy arrangement begins to take hold”.
Regarding this law, the Valencia auditors highlight the main objectives that they considered and pursued as positive for the economy during the recovery period from the economic crisis. ” The Bankruptcy Law Reform envisages the possibility of streamlining bankruptcy procedures, reducing their costs and facilitating the continuity of debtors.companies and professionals are in financial difficulties without having to file for bankruptcy,” explained José Andreu.
In addition, they highlight the Law from the Court of Accounts on the possibility of persons engaged or not engaged in a business or professional activity to avoid a new and more flexible debt relief procedure and the liquidation of their habitual residence and other places of residence. event-related assets.
The Certified Public Accountant’s professional intervention in this new regulation of the Bankruptcy Law, both as an expert with the Restructuring Plans, and as a manager in bankruptcy cases and in the valuation processes of companies or their productive units.”