Insolvency proceedings (creditors’ voluntary arrangements) filed by Small and Medium-sized Enterprises (SMEs) and self-employed workers have once again reached a record high in the second quarter, increasing by 7.1% compared to the same period in 2024, to 2,642 filings. These insolvency proceedings thus mark their fifth consecutive year of increases for SMEs in the second quarter, dating back to 2020 when filings were partially suspended due to the COVID-19 pandemic…

According to the monitoring of insolvency proceedings published in the Official State Gazette (BOE) carried out by Iberinform, the business fabric registered a year-on-year decrease of -3.5% in business insolvencies in April. For the year as a whole, they accumulate an increase of 12% compared to the same period in 2024. A creditors’ contest is a judicial procedure designed to manage and administer the assets of a company that cannot…

José Carlos González Vázquez (CECA Magán) | Today I found out that not only does the liquidation platform not work but, what is much more serious, that the insolvency platform where the 32 electronic forms of the Third Book of the TRLC (Texto Refundido de la Ley Concursal) (Consolidated Text of the Insolvency Law) are uploaded does not work either. Yes, yes, you have read correctly: none of the platforms…

Company insolvency proceedings stood at 693 registrations in November, 71.5% more than in the same month of the previous year, according to the advance monthly data published on Thursday by the Association of Registrars. Madrid, with 213 insolvency proceedings, Catalonia, with 125, and the Valencian Community, with 107, accounted for nearly seven out of every ten insolvency proceedings filed in November. The Association of Registrars explained in its statement that…

On 15 November, the Official State Gazette published 311 insolvency proceedings, the highest number in a single day since records began. However, as José Martínez, managing director of the consultancy firm Gesico, explains, “243 insolvency proceedings correspond to individuals, both self-employed and employed individuals who have been forced to apply for the Second Chance Law because they are unable to pay their debts, According to Martínez, “This situation is caused…

Business insolvencies have registered, as of September 2022, the highest increase in that month in the last 10 years. A total of 718 insolvencies have been recorded, 90.5% more than in the same period of 2021, reaching a cumulative figure in 2022 of 4,237 insolvencies filed. Until May, we were in an ‘anaesthetised’ situation in the filing of insolvency proceedings, with a negative annual accumulated figure of 7.3%. However, from…

The number of insolvencies increases after the end of the moratorium approved to mitigate the effects of Covid-19. Insolvency proceedings soared to 45% in August, according to Axesor. During the eighth month of the year, 229 insolvencies were declared, 44.94% more than in the same month of 2021. Thus, in the cumulative figure for the year the number of proceedings totals 3,845, up 3.39% year-on-year, according to Axesor’s Business Radar…