Debt prevention measures in SpainA debtor’s default or delay is established if the debtor cannot satisfy his obligation to pay after receiving an overdue notice. At the time of contraction, companies in Spain can take preventive steps to deter defaults from the outset and to improve their legal position in a legal dispute.Read more
The extrajudicial payments agreement procedure in SpainIn Spain, a natural person debtor requests a bankruptcy mediator from their local notary, while entrepreneurs or legal entities approach the Commercial Registrar at the registered office. The request for an extrajudicial payment agreement includes financial details, creditor lists, current contracts, and anticipated monthly expenses.Read more
Regime of Arrears and Changes in the Civil Monitory Process in SpainThe monetary process is a straightforward procedure introduced since May 4th, which streamlines claims under €250,000, specifically for monetary debts documented in writing. Notably, legal representation is not mandatory for this process.Read more
