Restructuring and Bankruptcy Services in Spain

Our team has demonstrated quality experience handling business transformation for distressed companies, unsecured creditors, secured lenders, trustees, bondholders, and other stakeholders on a wide range of business situations.

Restructuring and Bankruptcy Services in Spain

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    Liquidation and Bankruptcy Services

    We understand that the liquidation process can be stressful and challenging for businesses. Our business lawyers in Spain will work closely with you to ensure that the process is as smooth and stress-free as possible. We offer:

    • Preparing all the necessary paperwork
    • Filing for insolvency / Company Canceling
    • Dealing with the sale of assets
    • Mediation with creditors
    • Providing legal advice and guidance
    • Creditors’ Voluntary Liquidation
    • Members’ Voluntary Liquidation
    • Compulsory Liquidation
    • Court-ordered Liquidation
    • Asset sales

    We have a team of experienced business lawyers familiar with all aspects of Spanish insolvency law and can provide you with the best possible advice and guidance.

    Let SpainDesk Assist You

    Our team can assist with the process of liquidation and cancelling a company in Spain. We can assist with a network to sell assets and businesses, as well as provide legal advice on the process.

    We will analyze your company’s situation and create opportunities for reaching agreements with your creditors and keeping your best interests.

    If you are in need of liquidating or cancelling your business, we can help. Contact us today to arrange an initial consultation.

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    Services for debt analysis and liquidation of assets

    Frequently asked questions about Spanish Restructuring and Bankruptcy

    No, there aren’t any legal provisions.

    In the event that the insured doesn’t pay the first premium, this may cause the insurer to demand payment or terminate the contract. Suppose they don’t pay up the accompanying premiums. In that case, the coverage is suspended following a month and will have the contract’s effects suspended if the insurer proves the non-payment.

    There is no immediate connection or relationship between the insured and reinsurers.

    The insurer is exclusively dependable to the insured. The reinsurance contract must be in agreement with both parties.

    According to the “Consorcio de Compensación de Seguros” (CCS), which accepts liquidation of the insurer and opens a process of “acquisition of credits from creditors by the insurance contract.” With assets from the CCS, the credit is allotted to the insolvent insurer. Reinsurers: the insured has a unique need over the credit balance regarding the insurer’s account with the reinsured liquidation.

    They would agree as another ordinary creditor in the liquidation process. The reinsurers would have to enter the liquidation process with their credit with the ordinary rating related to it, with no unique priority.

    The chances of a company going bankrupt or facing insolvency in Spain are low.

    Yes, this is under the Spanish government guidelines and supervision of Insurance Companies.

    Get your liquidation and company cancelling in order with us