While bankruptcy proceedings should always be considered a last resort, luckily they are far from being the only possibility of facing a situation of insolvency. We advise our clients with regards to a pre-insolvency strategy and we negotiate refinancing, liquidation, and out-of-court settlements on their behalf. Furthermore, we will conduct negotiations with creditors attempting to agree on a refinancing plan as set forth in the article 5 bis of the Insolvency Law. Finally, if none of the above works out, we will present an official application for insolvency declaration, as well as follow through all the stages of the process until its full completion.
In addition to the aforementioned, we will also act on behalf of a creditor looking to maximize the recovery rate of his credits within the context of bankruptcy proceedings.
In the scope of cooperation with foreign insolvency trustees, we support the latter in connection with bankruptcy processes affecting either Spanish companies in which they participate or the assets which they own in Spain, in order to locate, liquidate or sell them. In other cases, we locate the debtor; evaluate his assets and debts, and finally present a claim.