Increase in the number of applications for bankruptcy proceedings

insolvency proceedings
Published on: 4 December 2020

According to current statistics, applications for debt exoneration, second chance and bankruptcy applications have increased by 140% as a result of the coronavirus pandemic and are expected to continue to increase exponentially during the year 2021. 

Both companies and individuals are seeking judicial pardon in the face of a serious situation that will worsen in the coming months, when many businesses go bankrupt and are unable to repay ICO loans. The sectors where applications have increased the most are all those related to hotel and catering services. 

G.Elias y Muñoz Abogados has lawyers who are experts in insolvency law who can help you in all matters related to insolvency law, insolvency proceedings and second chance law. We work nationwide, although our offices are located in Madrid.  In addition to being able to come to a face-to-face visit, you can contact us by means of a virtual visit or video consultation. 

We are specialists in this field and we are sure we can help you in the insolvency process. 

Please contact us.

 

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