It is a fact that the global economy sometimes suffers crises that may affect the normal development of business activity. Therefore, liquidation procedures are often a powerful tool to prevent debtors in financial difficulties from continuing their business activity, in whole or in part, by modifying the composition, conditions or structure of their assets and debts.
Consumer over-indebtedness is an issue of major economic and social importance and is closely linked to the reduction of excessive debt. Furthermore, it is often not possible to make a clear distinction between the entrepreneur’s debts arising from his or her business activity. For this reason, the support of an experienced and specifically trained professional is vital, since the earlier a debtor can detect his financial difficulties and take appropriate action, the more likely he is to avoid imminent insolvency.
Clear, up to date, concise and easy to use information should always be provided on these types of procedures in order to encourage debtors to take the necessary steps to act in time and this is where JMB Abogado can provide the best possible service.
What can JMB Abogado do for you?
Whether you are a creditor or debtor who has no choice but to face such a liquidation proceeding, you can rely on the expertise and assistance of JMB Abogado who will be able to defend your interests according to your position in the insolvency proceedings.
If you are a debtor
- Legal assistance during the duration of the procedure.
- Supervision of the activity during negotiations.
- Cooperation with the competent authorities.
- Drawing up payment schedules.
- Search for new financing to meet potential debts and other restructuring related operations.
- Avoidance of any wilful misconduct or negligent encumbrance jeopardising the viability of the company.
- As well as any measures aimed at restructuring the debtor’s business.
If you are a creditor
- Analyse possible debts you may have against the debtor to achieve the proper recognition of them as an amount receivable in the liquidation procedure.
- Defending your legal interests during the Agreement Stage of the insolvency proceedings.
- Issuing Incidental Claims.
- Monitoring the payment of your credit.
- As well as any measures or legal assistance during the duration of the procedure.