Insolvency Proceedings

Bankruptcy is a legally declared inability or impairment of ability of an individual, self-employed worker or company to pay their creditors. Creditors may file a bankruptcy petition before Spanish Courts against a debtor in an effort to recoup a portion of what they are owed or initiate a restructuring.

In the majority of cases, however, bankruptcy is initiated by the debtor. We are able to give you legal advise on International o national Insolvency proceedings, represent you in national or international matters as a creditor, and give you proper legal advise in recognition and enforcement of judgments in civil and commercial matters regarding an Insolvency or Bankruptcy Proceeding, giving you advise on Council Regulation (EC) No 1346/2000 of 29 May 2000 Act on INSOLVENCY PROCEEDINGS where in the event of a debtor becoming insolvent, be it a company, a trader or an individual, establishes common rules in the European Union regarding the court competent to open insolvency proceedings, the applicable law and the recognition of the court’s decisions in order to dissuade the debtor from transferring his assets or the judicial proceedings from one State to another
in order to improve his legal position.

Whether you need to file for bankruptcy to give your company a start, or to stop
foreclosure, or to defend your interests as a creditor in a national or nternational scenario, PELLICER&HEREDIA ABOGADOS have the knowledge and the experience to guide you through the intricacies of Spanish and European bankruptcy law.

Start now by setting up a consultation on bankruptcy with one of our lawyers.