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advantages pre-insolvency proceedings

Objectives and Advantages of pre-insolvency proceedings

One of the advantages of the pre-insolvency proceedings is that it stops the execution of judicial enforcement of properties and rights so that the company can continue with its professional activity.

Objectives and advantages of pre-insolvency proceedings in Spain

The crisis may drive companies into insolvency. In these cases, the management body must adopt the fairest solution for all creditors, with the purpose to resolve the critical situation of the company. Pre-insolvency may be an alternative.

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